![FILE - In this file photo dated Tuesday, Aug. 1, 2017, a car fuel pump at a BP petrol station in London. Oil producer BP released second-quarter 2020 earnings figures Tuesday Aug. 4, 2020, saying it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels. (AP Photo/Caroline Spiezio, FILE)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/B7MBNC2Y6Y6FPNJ4FIMWXDIE6A.jpg?smart=true&auth=b84f785d96d6b6f79f89eb77eb97e0e50199a374e706e5ff8efbf98edeb68396&width=400&height=225)
BP on Tuesday released its second-quarter earnings and said it plans to slash dividends. AP Photo
BP on Tuesday released its second-quarter earnings and said it plans to slash dividends. AP Photo
BP cuts dividend for first time in a decade as virus hastens shift to green energy
The company says it is targeting a radical 40% decline in hydrocarbon production and a 10-fold increase in low-carbon investment