BP Cuts Natural Gas, Oil Price Outlook, Sees $13-17.5B In Writedowns with ‘Enduring Economic Impact’ from Covid-19

摘要

One week after announcing it would cut 10,000 jobs globally, BP plc on Monday signaled it expects to impair up to $17.5 bil- lion on the value of its assets for the second quarter because of limited upside in natural gas or oil prices. BP now assumes an average of $55/ bbl Brent and $2.90/MMBtu Henry Hub gas from 2021-2050. The gas price reduc- tion longer term is 31% lower than BP had forecast in its most recent annual report. The reduced long-term oil price is down by 27%.