BP Complaints

(AFX UK Focus) 2010-06-16 20:23 CORRECTED-UPDATE 1-BP cuts dividend, capex, assets for oil spill fund
LONDON, June 16 (Reuters) – Oil giant BP said it would cut four quarters of dividends, significantly reduce its investment program and sell billion of assets to fund a planned billion fund to pay for its Gulf of Mexico oil spill. The commitments, outlined in a statement on Wednesday, are harsher penalties than most investors had expected and follow BP chairman Carl-Henric Svanberg’s …
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