The net loss, which was in line with analysts’ expectations, was largely a result of BP’s decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts. London-based BP’s second-quarter underlying replacement cost loss, the company’s definition of net income, reached $6.7 billion, roughly in line with forecasts of $6.8 billion in a company-provided survey of analysts.
from Yahoo Finance https://ift.tt/3i076Rm
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