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Feb 28, 2022 · London-listed Glencore owns a 0.5 per cent stake in Rosneft, worth $195mn as at Friday’s close, plus 25 per cent in Russneft, a smaller Russian oil producer, which it is poised to sell.
- Neil Hume
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
Dec 9, 2022 · As a result, bp took a post-tax charge of $24.4 billion in its 1Q 2022 results – the largest such impact on any company globally. bp no longer reports any equity share of oil and gas reserves or production or of earnings from Rosneft - reducing bp’s reported oil and gas reserves by more than 50%, reported oil and gas production by around one third, and reported earnings by around $2 ...
Feb 28, 2022 · Given the mounting political dangers of doing business with Russia, the divestment of the Rosneft stake should have happened years ago. City Bulletin is a daily City of London briefing delivered ...
Feb 27, 2022 · 27 February 2022. bp will exit its 19.75% shareholding in Rosneft. Both bp-nominated directors to resign from Rosneft board with immediate effect. bp will no longer report reserves, production or profit for Rosneft. Changes in accounting treatment of Rosneft shareholding expected to lead to a material non-cash charge.
Release date: 2 December 2022. 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.
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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 ...
