Reducing Activities: company scaling back some business operations while continuing others

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British Petroleum is a multinational oil and gas company headquartered in London.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
Revenue(RF), mln.USD
133
Staff
1128
Capital, mln.USD
24364
Glob.Revenue, mln.USD
156786
Assets, mln.USD
68000
Investments, mln.USD
10000

BP still hasn't sold its stake in Russian oil giant Rosneft - despite pledging to exit at the beginning of the war.

The Company Statement
December 09, 2022

Exiting its $14 billion (20%) stake in Rosneft, the Russian state-controlled oil company.

January 04, 2023BP Still In Spotlight Over Incomplete Russia Exit
November 18, 2022The European Union has frozen Russian assets totaling 68 billion euros - Politico. This is comparable to the value of BP assets in Russia
August 02, 2022BP announced the amount of losses due to withdrawal from Russia
November 24, 2022BP still hasn't sold its stake in Russian oil giant Rosneft - despite pledging to exit nine months ago
February 08, 2022BP will not enter into new deals to buy oil and gas from Russia
February 27, 2022British BP announced its intention to sell a stake in Rosneft
February 27, 2022BP to ‘exit’ its $14 billion stake in Russian oil giant in stark sign that Western business is breaking ties over Ukraine invasion
May 04, 2022British Petroleum finally put an end to Russian oil
July 27, 2022bp to exit Rosneft shareholding
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