Now playing Next Business Series BP considers more spending cuts after 80 percent profit drop BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year. 26/04/2016
Now playing Next Business Series Shareholders burn Bob's bonus at BP AGM Shareholders at BP gave the boss’s bonus the thumbs down on Friday, wiping 17.7 million euros from Bob Dudley’s package for 2015. It was a rare 15/04/2016
Now playing Next Business Series Oil price slump hits BP and Exxon The bad news keeps pouring out of the oil industry. BP suffered its biggest loss in 20 years and Exxon Mobil has reported its smallest quarterly profit in more than a decade. 02/02/2016
Now playing Next Business Series UK oil giant BP cuts jobs UK oil company BP is set to pay the price for plummeting prices. It has announced it is to shed 4,000 jobs globally, 600 of which will be lost from 12/01/2016
Now playing Next Economy BP to tighten belt further as oil price slump hits profits BP has announced a third round of spending cuts and more asset sales to offset an extended period of low oil prices, following a slump in 27/10/2015
Now playing Next USA BP finally agrees record breaking Deepwater Horizon settlement US Attorney General Loretta Lynch has announced BP is to pay over $20 billion arising from the 2010 Deepwater Horizon oil spill in the Gulf of 05/10/2015
Now playing Next Mexico BP agrees €16-bn settlement over Gulf of Mexico rig explosion BP has agreed a to pay an estimated record 16-billion euro settlement over human casualties and environmental damage caused by the 2010 Gulf of 02/07/2015