BP has warned that it expects to record post-tax impairments of $4 billion to $5 billion in the fourth quarter of 2025, largely linked to its Gas & Low Carbon Energy segment, as the company continues ...

BP isn’t even waiting for its new CEO to start before taking a big charge over its push into renewable energy. The company that used to be named British Petroleum said on Wednesday it would take a ...

BP has warned it expects to book up to five billion dollars (£3.7 billion) in write-downs across its gas and low-carbon energy division (Ian West/PA) BP has warned it expects to book up to five ...

BP BP-0.69%decrease; red down pointing triangle said it would write down the value of its gas and low-carbon energy division by up to $5 billion, the legacy of an ill-timed move into renewables that ...

BP BP-0.71%decrease; red down pointing triangle flagged a write-down of up to $5 billion in its gas and low-carbon energy segment and warned its oil-trading performance would be weak, as the latest ...

BP has warned it expects to book up to five billion dollars (£3.7 billion) in write-downs across its gas and low-carbon energy division as it also said oil trading had been weak in its final quarter.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

BP says it expects to take a hit of as much as $5 billion from its push into renewable energy as it accelerates its pivot back into fossil fuels. The oil-and-gas company revealed a write-down of $4 ...

This article first appeared on GuruFocus. BP Plc (NYSE:BP) said it expects to book up to $5 billion in writedowns linked to its energy transition business, a move that signals a sharper reset ...

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 has warned it expects to book up to five billion ...