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World news about “OPEC” published by euronews.

02/02 16:58 CET

Oil price slump hits BP and Exxon

Oil price slump hits BP and Exxon

BP suffered its biggest loss in 20 years amid plans to cut thousands of jobs, Exxon Mobil has reported profits plummeted and the rating agency Standard & Poors has downgraded Shell. BP said it lost $6.5 billion (5.95 billion euros) last year. It will cut 7,000 jobs by…