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Mar 9, 2022 · Still, Rosneft generated profits for BP. During a February 2021 call with investors, Looney highlighted that Rosneft had been a good financial investment, noting BP had received $4 billion in ...
In particular, the following, among other statements, are all forward looking in nature: bp’s intention to exit its 19.75% shareholding in Rosneft and other interests in Russia; the non-cash adjusting item charge expected to be recorded at the time of the first quarter 2022 results, representing the difference between the fair value of bp’s Rosneft shareholding at 31 March 2022 and the ...
Dec 9, 2022 · bp is exiting Russia. 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. bp has no operations in Russia.
Feb 27, 2022 · BP is cutting ties with Rosneft in response to Russia’s invasion of Ukraine. ... Russia, on Friday, Oct. 29, 2021. AP. ... has been in Russia for over 25 years, and employs about 1,000 people there.
Feb 27, 2022 · In the hours and days since military action began, we have been fundamentally rethinking our position with Rosneft. And with that, I now want to share the decisions that the bp Board, after a thorough process, has made: First, we will exit our shareholding in Rosneft and other businesses with Rosneft within Russia.
Feb 27, 2022 · After a decade of stormy relations among the partners, BP sold its share in the joint venture to Rosneft in 2013 for $12.5 billion in cash plus the 19.75 percent stake Rosneft."(The New York Times)
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Feb 27, 2022 · Rosneft said it was informed of BP’s decision Sunday. “BP has come under unprecedented pressure from both the regulator and its shareholders. BP’s decision was preceded by a Western media campaign full of false reports and conclusions,” Rosneft said in a statement on its website that was translated by The Associated Press.
