BP faces $2bn in impairment charges as profit guidance is cut
![BP faces $2bn in impairment charges as profit guidance is cut](https://i.dailymail.co.uk/1s/2024/07/09/10/71714527-0-image-m-16_1720516257722.jpg)
The oil supermajor announced plans in March to cut the crude processing capacity of its Gelsenkirchen oil refinery in Germany by a third from next year due to weaker expected future demand.