BP's chief said it costs about $22 billion a year to run BP, and more than one-third of that budget is allocated to personnel.
"The oil price has plunged well below the level we need to turn a profit," he said in a memo published on LinkedIn. "We are spending much, much more than we make — I am talking millions of dollars, every day."and most will take place before the end of the year. The company also said it's lifting a freeze on pay increases and promotions, but that it won't pay bonuses this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.,
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside a $40 million estate on Miami's celebrity-studded Star Island - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Last sold 04/28/2011 for $25,500,000, annual taxes are $460k, overpriced and the payments will kill you before any thief will. BTW there is another house on the island going for $27.9M
Source: BusinessInsider - 🏆 729. / 51 Read more »
The highest-paid CEOs in the shale oil industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I wish the discrepancy between pay at the top levels and workers was covered more. It has grown significantly in my lifetime and becoming obscenely gross. Addresses too please-
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla loses another vice president, this time from business development - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Random statement: As Tesla reaches new heights ppl will want pay increases and if demands are not met they will leave. Growth isn’t all roses but departures happen.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Treasury Secretary Mnuchin announced 3 big changes to PPP small business loan program - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Satan couldn't have picked better could he?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Affirm launches high-yield savings account - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. With the HIGH interest rates they charge, it’s the least they can do for those using these crooks as their savings bank.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Alt lender Prospa announces solid March performance - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »