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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 ...
Feb 27, 2022 · Rosneft said it was informed of BP’s decision Sunday. “BP has come under unprecedented pressure from both the regulator and its shareholders. BP’s decision was preceded by a Western media campaign full of false reports and conclusions,” Rosneft said in a statement on its website that was translated by The Associated Press.
- ddurbin@ap.org
- Business Writer
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 ...
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 28, 2022 · The Wall Street Journal reported that the sale of the Rosneft stake could cost BP up to $25 billion, of which $14 billion for the sale itself and the rest coming from foreign exchange losses.
Feb 25, 2022 · As a result, BP was still able to report profits of more than $2.4bn from its Rosneft stake last year and collect $640mn in dividends, while Looney has continued to sit on the Russian group’s board.
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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 ...
