What major strategic shift did BP's new CEO, Bernard Looney, implement in response to the pandemic?
BP Cuts Dividend for First Time in a Decade

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reduction in trading activities
Increased oil production
Focus on energy transition
Expansion into the chemicals business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the market react to the dividend cut by oil majors?
It led to a significant increase in stock prices
It was already priced in by the market
It resulted in a decrease in oil production
It was unexpected and caused a market shock
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the strategies oil majors are using to prepare for a low-carbon future?
Reducing investments in utilities
Investing in renewable energy and power trading
Focusing solely on traditional oil markets
Increasing oil and gas production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial strategy is BP employing to manage its gearing?
Increasing dividends
Reducing buybacks
Divesting oil and gas assets
Expanding into new oil fields
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did BP's trading department perform during the oil market downturn?
It focused on reducing oil prices
It had no impact on the company's finances
It made over a billion dollars in profit
It suffered significant losses
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