Reuters: Oil giant BP said it would cut three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill. The commitments, outlined in a statement on Wednesday, are harsher penalties than most investors had expected and follow BP chairman Carl-Henric Svanberg’s meeting with President Obama on Wednesday. Investors had expected the suspension of BP’s dividend, or payment in …