Published 2 years ago

BP takes $25.5B hit from Russia pullout

Summary by The Hill

Energy giant BP lost more than $25 billion in earnings after it pulled business out of Russia in February, following Moscow’s invasion of Ukraine, the company reported in its 2022 first quarter results on Tuesday.

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The Washington Post

Oil giants hit with multibillion-dollar charges for leaving Russia

BP recorded a $25.5 billion charge, but its losses were offset by the staggering run-up in commodity prices.

2 years ago

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The Hill

BP takes $25.5B hit from Russia pullout

Energy giant BP lost more than $25 billion in earnings after it pulled business out of Russia in February, following Moscow’s invasion of Ukraine, the company reported in its 2022 first quart…

2 years ago·Washington, United States

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Live Mint

BP takes $25.5 billion hit from Russia exit

Oil major falls to first-quarter loss despite soaring commodity prices

2 years ago·New Delhi, India

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Wall Street Journal

BP Takes $25.5 Billion Hit From Russia Exit

The U.K. energy company’s accounting charge was related to its decision to exit its Russia holdings, including its stake in Rosneft, and is by far the biggest financial hit tallied by companies pulling back from the country.

2 years ago·New York, United States

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This Is Money

BUSINESS LIVE: BP takes $25bn hit from Russian exit

Among the companies reporting today are BP, which has revealed a massive $20.4billion (£16.3billion) loss, Card Factory, Avast, Wizz Air and Mitie.

2 years ago·United Kingdom

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Stars and Stripes

Oil giants hit with multibillion-dollar charges for leaving Russia

Western oil giants are taking multibillion-dollar charges for walking away from their Russian investments, but those losses have been offset by the staggering run-up in commodity prices that followed the invasion of Ukraine, financial filings show.

2 years ago·Washington, United States

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