WebApr 7, 2024 · Shell said it could write down up to $5 billion after leaving Russia. ... BP faces a hit of up to $25 billion for ... While energy companies are facing billions in write-downs over assets in ... WebFeb 27, 2024 · BP is cutting ties with Rosneft in response to Russia’s invasion of Ukraine. The British company said in a statement Sunday that it would exit its 19.75% stake in the Russian state oil giant ...
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WebMar 1, 2024 · Feb. 28, 2024 5:14 PM PT. First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s ... WebFeb 28, 2024 · Shell announced the decision a day after BP said that it would be exiting its 19.75 percent stake in Rosneft, the oil company controlled by the Russian government. The British supermajor’s write ... deep embedding for clustering analysis
BP quits Russia in up to $25 billion hit after Ukraine invasion
WebFeb 27, 2024 · Published Feb 27, 2024 • 3 minute read. Join the conversation. BP said on Sunday it had decided to exit its 19.75 per cent stake in Russian oil giant Rosneft after Russia's invasion of Ukraine. Photo by REUTERS/Lee Smith/File Photo. LONDON — BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three … WebApr 7, 2024 · Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia following the country’s unprecedented invasion of Ukraine. Thursday ... WebApr 7, 2024 · Shell today made an attempt to put a number on that by warning that it faces write-downs of between $4-$5bn after exiting Russia. Its interests there were … federal withholding on paystub