Aug.04 — BP Plc cut its dividend for the first time since the Deep Water Horizon disaster a decade ago. That comes amid a multi-billion dollar impairment charge, looming job losses and high debt. Bloomberg’s Will Kennedy reports on “Bloomberg Markets: European Open.”
In This Story: BP
BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.
Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))
BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.