BP is producing down $17.5 billion in belongings in the second quarter and forecasting reduce oil charges.
The oil enterprise said Monday that it has revised its extensive-term selling price predictions and is decreasing them and extending the period of time lined to 2050.
“These actions will direct to non-hard cash impairment costs and generate-offs in the second quarter, approximated to be in an combination vary of $13 billion to $17.5 billion write-up-tax,” BP said in a push launch.
The enterprise has revised extensive-term selling price estimates. For Brent oil, the enterprise estimates an regular of all over $55 for