BP flags $4 billion-$5 billion in energy transition impairments, weak oil trading

The BP logo is seen on gasoline pumps at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS
LONDON, Jan 14 (Reuters) – BP  flagged in a trading statement on Wednesday that it expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, and that its oil trading was weak.

Reporting by Shadia Nasralla and Stephanie Kelly; Editing by Jan Harvey

Share this post :

Facebook
Twitter
LinkedIn
Pinterest

Create a new perspective on life

Your Ads Here (365 x 270 area)
Latest News
Categories

Subscribe our newsletter

Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.