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BP Flags $3-4.5 Billion in Impairments for Third Quarter
The oil major said the write-downs are tied to its gas and low-carbon energy segment, marking its second large impairment in about a year.
9 Articles
9 Articles
BP braces for hit of up to $4.5bn in pivot from green energy
BP is bracing for a hit of up to $4.5bn after a hefty write-down in its energy transition unit, as the firm pivots away from aggressive green targets. The FTSE 100 energy giant told markets on Tuesday its third quarter update – set for the end of the month – would include a post-tax impairment [...]
·London, United Kingdom
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Key takeaways BP has announced that the third-quarter financial reports will likely include write-downs between 3 billion and 4.5 billion dollars (2.6 to 4 billion euros). These write-downs relate to the company's low-carbon energy and gas divisions. Second major write-down in twelve months It is the second […]
Coverage Details
Total News Sources9
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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