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1. www.ft.com › content › 8b4968fa-40d8-40ae-b2f9-f12cdBP to divest stake in Russian state-oil company Rosneft

   www.ft.com › content › 8b4968fa-40d8-40ae-b2f9-f12cd

   Feb 27, 2022 · BP is seeking to divest the near 20 per cent stake in Russian state-oil company Rosneft it has held since 2013 in the starkest sign yet of the corporate backlash against Moscow’s invasion of...

2. www.ft.com › content › 5b0cbb79-35a2-413c-97bc-13dBP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com › content › 5b0cbb79-35a2-413c-97bc-13d

   Feb 28, 2022 · And in the UK, oil major BP announced that it will divest its 20 per cent stake in Russian state-oil company Rosneft. We spoke to the FT’s Tom Wilson about that.

3. financialpost.com › commodities › energyBP quits Russia in up to $25-billion hit after Ukraine invasion

   financialpost.com › commodities › energy

   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 per cent stake will result in charges of up to US$25 billion, the British company said, without saying how it plans to extricate itself.

4. Videos

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     Rosneft: it's big but is it beautiful?

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     What is Rosneft? | Lex

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     Rosneft’s environmental activities

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5. www.bbc.com › news › business-60548382BP to offload stake in Rosneft amid Ukraine conflict - BBC

   www.bbc.com › news › business-60548382

   Feb 27, 2022 · The company has decided to "divest" - meaning it will sever its financial ties with Rosneft, stop taking a dividend and step back from its two seats on the board. Company officials say it is...

6. seekingalpha.com › news › 3806679-bp-to-break-fromBP to break from Rosneft, will exit its nearly 20% stake

   seekingalpha.com › news › 3806679-bp-to-break-from

   Feb 27, 2022 · BP is seeking to divest the near 20 per cent stake in Russian state-oil company Rosneft it has held since 2013 in the starkest sign yet of the corporate backlash against Moscow’s invasion of ...

   • Author: Carl Surran

7. finance.yahoo.com › news › bp-to-offload-stake-inBP to offload stake in Rosneft, take $25bn hit - Yahoo Finance

   finance.yahoo.com › news › bp-to-offload-stake-in

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   Feb 28, 2022 · Rosneft accounts for almost half of BP’s oil and gas reserves and a third of its production and divesting 19.75% stake will result in charges of up to $25bn (£18.7bn), the company said.

8. People also ask

   Will BP divest its Russian stake in Rosneft?

   • 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 per cent stake in Russian state-oil company Rosneft. We spoke to the FT’s Tom Wilson about that.

   BP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com/content/5b0cbb79-35a2-413c-97bc-13d514320ff1

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   Will BP divest Rosneft?

   • BP did not specify how and when it might divest the Rosneft stake. It could write off the shareholding, sell it back to Rosneft or find another buyer. Analysts have speculated that a state-backed Chinese or Middle Eastern group might be interested in the shareholding, but it is thought that BP could struggle to find a bidder.

   BP to divest stake in Russian state-oil company Rosneft

   www.ft.com/content/8b4968fa-40d8-40ae-b2f9-f12cd8b23f9c

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   Does BP own Rosneft?

   • And in the UK, oil major BP announced that it will divest its 20 per cent stake in Russian state-oil company Rosneft. We spoke to the FT’s Tom Wilson about that. This move is absolutely huge and if you’d asked me three days ago, completely unexpected, and BP’s been in Russia for 30 years and it’s held this stake in Rosneft for almost a decade.

   BP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com/content/5b0cbb79-35a2-413c-97bc-13d514320ff1

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   Why is BP exiting Rosneft?

   • BP ( BP.L) is exiting the 19.75% position in Russia oil giant Rosneft it has held since 2013 following pressure from the UK government.

   BP to offload stake in Rosneft and take $25bn hit

   finance.yahoo.com/news/bp-to-offload-stake-in-rosneft-take-25-bn-hit-085500666.html

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   What impact will BP have on Rosneft?

   • So short-term, the immediate impact on Rosneft is not significant. BP was a 20 per cent shareholder, but a minority shareholder, was a passive shareholder, so they weren’t actually collaborating together on specific projects. So Rosneft can continue to pump oil from its oil projects and continue to sell that oil on the international market.

   BP to sell its stake in Russia’s state-oil company Rosneft

   www.ft.com/content/5b0cbb79-35a2-413c-97bc-13d514320ff1

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   How profitable is BP's Rosneft stake?

   • The Rosneft stake has been similarly profitable. Last year BP reported profits of more than $2.4bn from the shareholding and collected $640mn in dividends. But as tanks, potentially fuelled with diesel from Rosneft — a main supplier to the Russian military — poured into Ukraine, the calculus for the UK oil major changed.

   BP to divest stake in Russian state-oil company Rosneft

   www.ft.com/content/8b4968fa-40d8-40ae-b2f9-f12cd8b23f9c

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9. www.ft.com › content › 8bc97113-8bd5-4550-ab70-fceBP to sell its stake in Russia’s state oil company Rosneft

   www.ft.com › content › 8bc97113-8bd5-4550-ab70-fce

   Feb 28, 2022 · BP plans to divest its stake in Russia’s state-oil company Rosneft, Norway’s $1.3tn oil fund plans to sell out of Russia and US and Western allies to impose sanctions on Russia’s central bank...