ET BP Reports a Deep Loss and Cuts Its Dividend: Live Business Updates RIGHT NOW European stocks are mixed, with Wall Street poised for a drop. BP to step up renewable investment as it reports a huge loss. In cutting its dividend to 5.25 cents a share, BP said that it would prioritize keeping the payout at that level. The company has previously said it would cut about 10,000 jobs, with the majority expected to leave this year. Oil futures gave up their overnight gains and fell because of nagging worries about an increase in the supply of crude.

Source: International New York Times August 04, 2020 10:00 UTC