BP market value at 26-year low amid investor jitters
by Jillian Ambrose Energy correspondent from on (#59BJH)
Oil firm slumps to value of 40.5bn, well below that of offshore wind developer Orsted
BP's market value has fallen below 200p a share for the first time since 1994 with investor faith in the future of the oil industry shaken by the coronavirus pandemic.
The 26-year share-price low means the oil company is worth little more than 40.5bn, well below the market value of the Danish offshore wind developer Orsted, which in less than two years has doubled its value on the Copenhagen stock exchange to more than 51bn.
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