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 did BP state about the potential impact of the coronavirus pandemic on the global economy?

How much does BP expect to write off in asset value due to the pandemic?

What is the expected average price of international Brent crude futures from 2021 to 2050?

What job cuts did BP announce in response to the pandemic?

What is BP's target for net zero emissions, and by what year do they aim to achieve it?