BP flagged a write-down of up to $5 billion in its gas and low-carbon energy segment and warned its oil-trading performance ...

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

BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition ...

The update comes as BP is ditching its expensive bet on net zero following a backlash from shareholders. Bernard Looney, the ...

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

BP plc said it expects to take as much as US$5 billion in writedowns for the fourth quarter, just weeks after replacing its ...

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

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

British energy giant BP on Wednesday revealed it expected a write-down of up to $5 billion tied to its energy transition ...

BP said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for green energy.

BP is maintaining its strategy and focus on cost cuts, its interim CEO Carol Howle told an internal town hall meeting on ...

The oil giant said that the charges 'are primarily attributable to the gas and low carbon energy segment' of the business.