BP flags up to $5 billion in low-carbon energy impairments

BP flags up to $5 billion in energy transition impairments, weak oil ...

BP flags up to $5 billion hit on energy transition efforts

British energy giant BP on Wednesday revealed it expected a write-down of up to $5 billion tied to its energy transition efforts that will be reflected in...

BP flags $5 billion in energy transition impairments

Oil major BP said it expects to book $4 billion to $5 billion in fourth-quarter impairments, mainly tied to its energy transition businesses, as it reroutes spending to oil and gas to boost returns under new leadership including Chair Albert Manifold.

BP cautions over ‘weak’ oil trading and reveals up to £3.7bn in write-downs

The oil giant joined FTSE 100 rival Shell, after it also last week cautioned over a weaker performance from oil trading amid lower crude costs.

BP Flags Up to $5 Billion of Energy Transition Writedowns

BP Plc said it expects to take as much as $5 billion in writedowns from its energy transition business, just weeks after a leadership change as it pivots back to fo…

BP Forecasts Up to $5 Billion Hit on Energy Transition Assets

BP expects to book up to $5 billion in impairments for the fourth quarter, mostly related to its energy transition businesses, while oil trading was weak and gas trading averaged at the end of 2025.   The fourth-quarter results are expected to include post-tax adjusting items relating to impairments, including impairments within equity-accounted entities, in the range of $4-5 billion, primarily related to the transition businesses, BP said in a …