BP reveals $5 billion write-off in green energy, points to 'weak' oil trading

The company had been a leader among the oil majors in shifting business away from fossil fuels and toward renewables.

BP flags up to US$5 billion of energy transition writedowns

BP’s turnaround efforts helped shares to almost tie with Shell PLC as best performer among the top five oil majors last year ...

BP takes $4bn-$5bn hit on green energy business

BP has acknowledged for the first time that its struggling green energy businesses are worth far less than previously thought ...
Rigzone

BP Sees Up To $5B Impairments Tied to Low Carbon Assets

BP Sees Up To $5B Impairments Tied to Low Carbon Assets BP PLC said Wednesday it expects to book $4-5 billion in write-downs ...

BP to book up to $5B in Q4 impairment charges tied to transition businesses

BP ( BP) said it expects Q4 results to include post-tax impairment charges of $4B to $5B, mainly tied to BP’s transition ...

Best Dividend Stock to Buy Right Now: Realty Income vs. BP

Realty Income has increased its dividend annually for 30 consecutive years. BP cut its dividend in 2020. To be fair, BP cut ...
Fox Business

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to boost ...
Daily Sabah

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 ...
Houston Chronicle

BP shifts more to oil and gas production in a move to focus less on renewables

BP, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said the ...