LONDON, March 13 (Reuters) - BP is "making
interventions" to reduce capital and operational spending in the
wake of the recent collapse in oil prices, Chief Executive
Bernard Looney said in a statement on Friday.
In response to the coronavirus spread, BP employees were
instructed to work from home, with the exception of critical
operations, and the company will hold no large meetings and
restrict travel, Looney, who took office a month ago, said on
LinkedIn.
BP employs 73,000 people.
(Reporting by Ron Bousso, writing by Shadia Nasralla)
BP (BP.)
