BP's net loss in the first half of the year amounted to $21.2 billion

The net loss of the British oil and gas giant British Petroleum in the first half of 2020 amounted to $21.213 billion vs a profit a year ago. On a per share basis, the diluted loss for the first six months of 2020 was $1.05 vs a profit of $0.23 last year, Angi reports.

BP's total revenue, including joint venture revenues, was $90.73 billion, down 35.7%. BP's hydrocarbon production totaled 3.655 million barrels of oil equivalent per day in the past six months, down 3.5% from the same period last year.

BP's net loss in the second quarter was $16.848 billion vs profit a year earlier.

Total revenue amounted to $31.19 billion, having decreased by more than 2 times. BP's net debt stood at $40.92 billion as of June 30, 2020, 12% less than a year ago. The volume of hydrocarbon production by BP in the last quarter amounted to 2.525 million barrels of oil equivalent per day, which is 3.8% less than in the same period last year.

Earlier it was reported that the Italian Eni in the first half of 2020 received a loss of €7.34 billion.

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