BP reports a huge quarterly loss ever but maintains dividend
The company announced another 3,000 jobs cuts on top of the 4,000 previously announced. BP reported a 2015 full year loss of US$6.5 billion, even worse than 2010 when it paid out billions for the Deepwater Horizon spill. 2016 capital expenditures was lowered to $17 to 19 billion. This is the first time since 1986 that BP has cut spending for 2 years in a row.