BP raises $10bn in new revolving facility

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BP raises $10bn in new revolving facility

Adobe_BP_230x150_06March2020
Björn Wylezich - stock.adobe.com

BP, the UK oil and gas company, has set up a new $10bn revolving credit facility, as oil companies look to shore up their cash positions in response to the twin maladies of Covid-19 and a drop in oil prices.

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