Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025, primarily due to lowering the value of ...

The British oil giant warned that weaker oil and gas prices will further weigh on earnings. Brent crude averaged $63.73 per ...

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

BP (BP.L) expects its financial results for the fourth quarter of 2025 to be dented by $4 billion to $5 billion in impairment ...

BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on ...

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

BP updates fourth-quarter 2025 and full-year guidance, lifts 2025 tax rate view, flags weaker price realizations, big ...

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 ...

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

British energy giant BP, which this year shelved targets on reducing carbon emissions, has appointed industry veteran Meg O’Neill to be chief executive from April, replacing Murray Auchincloss who ...