 Shares of BP PLC LON: BP. rose 8 on Tuesday after the oil giant announced a dividend reset by 50. BP stock price is now trading above GBX300 again as it attempts to break the descending trend line. Fundamental analysis: New strategy presented BP reported a loss of 16.8 billion, mostly due to 10.9 billion worth of impairments. As expected, the firm struggled amid a collapse in crude oil prices and low demand during the COVID-19 outbreak. The London-based oil giant took an underlying replacement cost loss of 6.7 billion, against a 2.8 billion profit in the same period a 