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BP slashes dividend in half after $16.8 billion loss

BP slashes dividend in half after $16.8 billion loss

BP has cut its dividend for the first time in a decade after reporting a $16.8 billion loss for the second quarter as the pandemic hammered energy demand. The dividend is halved to 5.25 cents per share for the quarter, compared to 10.5 cents per share for the first three months of the year. The reported loss for the quarter includes a post-tax charge of $10.9 billion for non-operating items.

Simone
Simone
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