Oil giant enters new era in major decline

BP didn't live up to the high standards of 2018 but rather cut its bottom line by a fifth. Tough market conditions pressured the result for the company, which is going through major changes and now wants to divest further.

by MATHIAS JULIUS FALKENGAARD

The new chief executive of British Petroleum (BP), Bernard Looney, had probably wished for a better starting point before taking his position at the company.

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BP divests North Sea assets
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