BP Revised The Value Of Its Assets Amid Reduced Demand For Oil

BP announced a potential $17.5 billion write-off due to the pandemic's impact on energy demand. The company forecasts Brent crude prices to average $55 per barrel from 2021 to 2050. BP plans to cut 10,000 jobs and aims for net zero emissions by 2050.

What financial impact is BP expecting due to the pandemic?

• Increase in asset value

• Write-offs and impairment charges

• Expansion of gas assets

• Higher demand for energy

What is BP's forecast for Brent crude oil prices from 2021 to 2050?

• $45 a barrel

• $55 a barrel

• $65 a barrel

• $75 a barrel

How many jobs did BP announce it would cut due to the pandemic?

• 10,000 jobs

• 20,000 jobs

• 5,000 jobs

• 15,000 jobs

By what year does BP aim to achieve net zero emissions?

• 2060

• 2050

• 2040

• 2030

What strategy is BP using to achieve net zero emissions?

• Investing in coal energy

• Increasing oil production

• Reducing renewable energy projects

• Eliminating or offsetting carbon emissions