BP takes our brand of the day spot.
The oil multinational has announced a second-quarter loss of $6.3 bn, and is warning customers that low crude prices are here to stay.
The slump is related to a $9.8bn pretax charge that firm had to pay as part of an $18.7bn agreement with the US government to settle legal claims relating to a massive oil spill in American waters.
Source: The Drum
Industry News