Search results
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 ...
- Ukraine Response
bp donates to UK fire service ‘mega-convoy’ bp has donated...
- bp’s position in Russia
bp is exiting Russia. On 27 February 2022, bp’s board...
- Ukraine Response
Feb 27, 2022 · Rosneft accounts for around half of BP's oil and gas reserves and a third of its production and divesting the 19.75% stake will result in charges of up to $25 billion, the British company said ...
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.
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 · It has caused us to fundamentally rethink BP’s position with Rosneft,” BP Chief Executive Bernard Looney said. The rapid retreat represents a dramatic exit for BP, the biggest foreign investor in Russia, and puts the spotlight on other Western companies with operations in the country including France’s TotalEnergies and Britain’s Shell, amid an escalating crisis between the West and ...
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 ...
People also ask
Does BP own Rosneft?
Is BP exiting Russia?
Why did BP abandon Rosneft?
Does BP report Rosneft?
How will BP's stake in Rosneft be offloaded?
What happens if BP resigns from Rosneft?
Feb 27, 2022 · 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 the UK government to make the ...
