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The other Rosneft director nominated by bp, former bp group chief executive Bob Dudley, is similarly resigning from the board. The resignations will require bp to change its accounting treatment of its Rosneft shareholding and, as a result, it expects to report a material non-cash charge with its first quarter 2022 results, to be reported in May.
Mar 9, 2022 · A brief board meeting followed Sunday, where members voted to immediately exit the Rosneft stake, the executives told Reuters. Shortly after, Lund and Looney spoke to Rosneft boss Sechin to ...
Feb 27, 2022 · Looney and his predecessor as CEO Bob Dudley will both step down from the board of Rosneft, which BP acquired a shareholding in as part of its US$12.5 billion TNK-BP stake sale in 2013. BP held a board meeting on Friday and another on Sunday where the decision to quit Rosneft, as well as two other joint ventures BP has with Rosneft in Russia, was taken, a spokesperson for the company said.
Feb 27, 2022 · The UK-listed oil group said in a statement on Sunday that it would no longer report reserves, production or profits from Rosneft, and its chief executive, Bernard Looney, would resign from the ...
Feb 27, 2022 · CEO Looney, Bob Dudley to step down from Rosneft board. BP to write down up to $25 bln following exit. BP says decision follows Moscow's invasion of Ukraine. LONDON, Feb 27 (Reuters) - BP is ...
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 ...
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Feb 27, 2022 · 27 February 2022. Getty Images. BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia's "act of aggression in Ukraine". The oil giant had come under pressure from ...
