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BP outlines bright new world while cutting dividend

Upstream production will drop 40 per cent by 2030 under new plan, which will also ramp up renewables investment
BP outlines bright new world while cutting dividend

BP (BP.) investors will be looking at a whole different company within just a few years, under a dramatic new plan. The dividend is being cut by a half for the foreseeable future and the supermajor will allow upstream production to drop by 40 per cent in the next decade. 

IC TIP: Sell at 297p

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