Oil major BP has set out actions it is taking in response to the COVID-19 pandemic and ongoing market disruption, including a 25 percent reduction in capex. BP has underlined there will be no layoffs in the next three months as a result of coronavirus cost-cutting.
In addition to revealing its action plan to deal with the current market situation, BP also on Wednesday provided an update on factors expected to affect its first-quarter results.
Brazil Energy Insight 
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