Reuters Energy giant BP reported a loss of $16.8 billion for the second quarter as it continues to battle the coronavirus pandemic's existential threat to the oil industry. The UK-based company's overall loss included a $10.9 billion impairment charge related to the pandemic. BP cut its dividend by 50% to 5.25 cents from 10.5 cents, the first time since its 2010 Deepwater Horizon incident — the largest marine oil spill in history.