BP exits Rosneft following Russia's attack on Ukraine

clock • 3 min read
BP exits Rosneft following Russia's attack on Ukraine

Oil giant confirms it is set to take major writedown as it concludes holding in Rosneft 'simply cannot continue' in wake of invasion

Oil giant BP is to exit its shareholding in state-owned Russian oil company Rosneft, in which it has held a 19.8 per cent stake since 2013, while both BP-nominated directors will resign from the board...

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