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Feb 27, 2022 · 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.
Dec 2, 2022 · bp’s two nominated directors immediately stood down from Rosneft’s board, and international staff were withdrawn from Russia. We took $24.4 billion charge to accounts in the first quarter, and removed Rosneft earnings, production and reserves from our reporting.
Feb 27, 2022 · BP said the changes in the accounting treatment of the Rosneft stake would lead to two “material non-cash” charges in its first-quarter results that could amount to as much as $25bn: an $11bn...
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.
- ddurbin@ap.org
- Business Writer
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...
May 31, 2023 · Rosneft said on Wednesday that Sakhalin-1 production jumped by 1.8 times quarter on quarter. Production on the Pacific island had plummeted after ExxonMobil (XOM.N) withdrew from Russia and the...
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May 3, 2022 · In a move that had been anticipated after BP announced its withdrawal from Russia in February because of the invasion of Ukraine, the company also wrote off about $25.5 billion on its nearly 20...
