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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 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 · BP will sell its close to 20-percent stake in Russian oil giant Rosneft, the supermajor said yesterday amid growing pressure from politicians for companies with Russian operations to leave the country
Feb 25, 2022 · BP is under pressure to sever its ties with Rosneft over the Russian energy group’s central role providing fuel to Vladimir Putin’s armed forces, which are engaged in a bloody assault on ...
- Harriet Agnew
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 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. It did ...
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Feb 27, 2022 · Norwegian energy giant Equinor also says it will start to divest its joint ventures in Russia. ... BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia's "act of ...
