Search results
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.
27 February 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.
Feb 27, 2022 · BP sold its 50 per cent share in TNK-BP to Rosneft in 2013, for $12.5bn in cash and a fifth of the state-controlled oil company. The Rosneft stake has been similarly profitable. Last year BP ...
Dec 2, 2022 · Release date: 2 December 2022. bp is exiting Russia, we have no intention of “returning to business as usual”. Just three days after Russia’s attack on Ukraine, bp announced that we will exit our shareholding in Rosneft and other businesses in Russia – we said the attack was “a fundamental change.”. This is still our position.
Prior to Russia's invasion of Ukraine, BP had a 19.75% shareholding in Rosneft. In the early days of the conflict BP announced plans to get rid of that stake, gave up its two seats on the Rosneft ...
Jun 18, 2022 · BP said on Feb. 27 that it was divesting its 19.75% stake in Rosneft ended three decades of partnership between the two companies and would take a charge of up to $25 billion, without saying how ...
People also ask
Does BP own Rosneft?
Why did BP leave Rosneft?
Does BP have a shareholding in Rosneft?
How profitable is BP's Rosneft stake?
How much money does BP get from Rosneft?
Does BP report Rosneft?
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. London-based BP also said its CEO, Bernard Looney, and former BP executive Bob Dudley will immediately ...
