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Feb 27, 2022 · bp will exit its 19.75% shareholding in Rosneft. Both bp-nominated directors to resign from Rosneft board with immediate effect. bp will no longer report reserves, production or profit for Rosneft. Changes in accounting treatment of Rosneft shareholding expected to lead to a material non-cash charge.
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Dec 9, 2022 · On 27 February 2022, bp’s board decided that bp would exit its 19.75% shareholding in Rosneft and its other business in Russia. bp was the first international company to announce such an exit. That decision remains unchanged and bp has no intention of returning to business as usual in Russia.
Mar 9, 2022 · Within three days of Looney's summoning his team, BP announced it was abandoning its Rosneft stake at a cost of up to $25 billion, becoming the first major Western company to pull out.
Feb 27, 2022 · BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western...
Feb 27, 2022 · The British oil giant BP said on Sunday that it would “exit” its nearly 20 percent stake in Rosneft, the Russian state-controlled oil company, making it one of the first large companies to...
Feb 27, 2022 · BP says it will exit its 19.75% shareholding in Rosneft (OTCPK:RNFTF), and CEO Bernard Looney and former CEO Bob Dudley will resign from the Russian oil company's board.
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Feb 27, 2022 · BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine. BP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at $14 billion.
