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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 ...
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.
Feb 27, 2022 · It will take an $11 billion foreign exchange non-cash charge after the exit from Rosneft, which BP will no longer include in its accounts. BP said it also expects a second non-cash charge of up to ...
Feb 27, 2022 · BP said it also expects a second non-cash charge of up to $14 billion, for the “carrying value” of Rosneft. BP received revenue from Rosneft in the form of dividends which totalled around US$640 million in 2021, roughly 3 per cent of its overall cash flow from operations.
Feb 27, 2022 · bp has confirmed it will off load its 19.75% stake in Rosneft in a move which will cost the company $25bn. In a statement, the company - which has held a stake in the Russian state-owned enterprise for nine years - cited a US$14bn 'carrying value' and US$11bn non-cash adjustment item charge. It will not report Rosneft as a separate segment from ...
Feb 28, 2022 · It will take an $11 billion foreign exchange non-cash charge after the exit from Rosneft, which BP will no longer include in its accounts. BP said it was also expecting a second non-cash charge of ...
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Feb 27, 2022 · BP said the changes in the accounting treatment of the Rosneft stake would lead to two “material non-cash” charges in its first-quarter results that could amount to as much as $25bn: an $11bn ...
