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Feb 28, 2022 · It’ll also start unwinding its existing $3bn worth of Russian holdings. This is part of a wider package of support for Ukraine. And in the UK, oil major BP announced that it will divest its 20 ...
Feb 28, 2022 · It has led the BP board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue.”. On the line is as much as $25 billion —the ...
Feb 28, 2022 · Of the oil majors still operating in Russia, Total has the most commercial exposure now BP has decided to dump its 19.75 per cent stake in Rosneft and Shell is moving to end its partnerships with ...
- Neil Hume
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 ...
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 ...
- ddurbin@ap.org
- Business Writer
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 ...
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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 ...
