Search results
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.
- Ukraine Response
bp donates to UK fire service ‘mega-convoy’ bp has donated...
- bp’s position in Russia
bp’s position in Russia. bp would like to confirm the...
- Ukraine Response
Feb 27, 2022 · CEO Looney, Bob Dudley to step down from Rosneft board. BP to write down up to $25 bln following exit. BP says decision follows Moscow's invasion of Ukraine. LONDON, Feb 27 (Reuters) - BP is ...
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.
Dec 9, 2022 · bp’s position in Russia. bp would like to confirm the current status of its business and interests in Russia. bp is exiting Russia. On 27 February 2022, bp’s board decided that bp would exit its 19.75% shareholding in Rosneft and its other business in Russia. bp was the first international company to announce such an exit.
Feb 27, 2022 · It has caused us to fundamentally rethink BP’s position with Rosneft,” BP Chief Executive Bernard Looney said. The rapid retreat represents a dramatic exit for BP, the biggest foreign investor in Russia, and puts the spotlight on other Western companies with operations in the country including France’s TotalEnergies and Britain’s Shell, amid an escalating crisis between the West and ...
Feb 27, 2022 · BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia's "act of aggression in Ukraine". The oil giant had come under pressure from the UK government to make the ...
People also ask
Why did BP abandon Rosneft?
What happens if BP resigns from Rosneft?
Is BP exiting Russia?
Does BP own Rosneft?
Does BP report Rosneft?
Does BP have a shareholding in Rosneft?
Feb 27, 2022 · BP said it would also exit three other joint ventures with Rosneft, potentially bringing an end to a lucrative, if often contentious, 30-year relationship between BP and Russia.
