The British energy giant fell one spot on this year’s list, as revenue dropped 7% to $283 billion, and profits dropped 57% to $4 billion, thanks to weak oil prices. So far 2020 has been marked by hits and misses. In February, BP’s new CEO, Bernard Looney, said it would become one of the first major oil and gas companies to target net-zero emissions by 2050, and that the company has since begun to lay out its plan to reduce emissions. It's still struggling with the COVID hit to energy demand, however. In June the company announced plans to lay off 10,000 employees and write off $17.5 billion in assets.
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