BP’s net loss for the nine months was $ 21.7 billion

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BP’s net loss for the nine months was $ 21.7 billion

02.11.2020 News

According to the company’s reports, the net loss of the British oil and gas giant BP Plc., which belongs to shareholders, for the nine months of 2020 amounted to $ 21.663 billion against profit a year ago.

In terms of shares, the diluted loss of BP amounted to $ 1.07 against a profit of $ 0.2 for the same period in 2019. Revenue fell 1.6 times to $ 134.932 billion. BP’s production for the nine months was 3.522 million barrels of oil equivalent per day, which is 5.7% lower than a year ago.

In the third quarter, BP’s net loss to shareholders was $ 450 million, down 1.7 times from a year ago. Per share, the company’s diluted loss was $ 0.02 against a loss of $ 0.04 in the third quarter of 2019. BP’s revenue decreased by 36% to $ 44.202 billion.

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