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BP to lay off 15% of workforce

The oil major BP announced that it will lay off 15% of its workforce, in response to the COVID-19 crisis and in line with Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy.

BP acquires BHP’s shale assets for $10.5 billion

BP agreed to buy US shale oil and gas assets from BHP Billiton for $10.5 billion, improving the British oil major’s impact in oil-rich onshore basins in its biggest deal in almost two decades. This sale will increase BP’s quarterly dividend for the first time in four years and puts an end to disastrous seven years by BHP.

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