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BP Writes Downs Up to $17.5 Billion in Assets

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BP Writes Downs Up to $17.5 Billion in Assets

British-based energy company BP (NYSE: BP) has reviewed its long-term strategy and lowered its assumptions for oil prices looking out to 2050. The company said it uses the new assumptions to "create a framework that seeks to ensure investments align with its strategy and add shareholder value."

Source Fool.com

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