BP market value at 26-year low as investor confidence shaken

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