About: http://data.cimple.eu/news-article/40b3ae384c64c639a506f23482b13c97ba58d31bb0ec154fdb687ddf

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/40b3ae384c64c639a506f23482b13c97ba58d31bb0ec154fdb687ddf Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	British energy giant BP on Wednesday slashed its planned spending for 2020 by one quarter and announced a $1.0-billion hit from collapsing oil prices as the coronavirus outbreak destroys demand. The energy sector has been ravaged by the collapse in the global oil market where the problems have been made worse by a vicious price war between key producers Saudi Arabia and Russia. BP spending this year will stand at $12 billion (10.8 billion euros), 25 percent below prior guidance, it said in a statement. The London-listed company added that it would deliver $2.5 billion in cost savings by the end of 2021, compared with last year. BP said its first-quarter results, due April 28, would include a $1.0-billion charge linked to the market slump. "We are in action to protect the financial health of BP," chief executive Bernard Looney said. "This may be the most brutal environment for oil and gas businesses in decades, but I am confident that we will come through it -- we know what to do and we have done so before." World oil prices are languishing close to 18-year lows at around $20 per barrel, having plunged by around 65 percent in the first quarter. "We are now acting quickly and decisively to further strengthen our financial frame in response to the currently volatile and extremely challenging market conditions," Looney added. rfj/bcp/bmm
schema:headline	BP cuts spend by quarter as virus slashes oil demand
schema:mentions	World energy consumption Barrel BP Saudi Arabia Russia Virus Severe acute respiratory syndrome coronavirus 2 British Energy Bernard Looney Price war
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software