Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. BP expects to book up to $5 billion in impairments for the fourth quarter, ...

BP isn’t even waiting for its new CEO to start before taking a big charge over its push into renewable energy. The company that used to be named British Petroleum said on Wednesday it would take a ...

BP BP0.25%increase; green up pointing triangle said it would write down the value of its gas and low-carbon energy division by up to $5 billion, the legacy of an ill-timed move into renewables that ...

LONDON, Jan 12 (Reuters) - BP (BP.L), opens new tab is maintaining its strategy and focus on cost cuts, its interim CEO Carol Howle told an internal town hall meeting on Monday, according to two ...

BP said it expects to include a $4 billion to $5 billion write-down primarily related to its transition businesses when it releases its fourth quarter results next month. In a trading statement issued ...

BP (BP) +1.8% in Wednesday's trading after saying it expects weaker oil trading and falling prices will weigh on Q4 earnings, and that it plans to book $4B-$5B in Q4 impairments, mainly tied to its ...

BP ($4–$5B) and Ford ($19.5B) are scaling back energy transition and EV plans after heavy losses, echoing similar pullbacks by Shell and others. Wind, solar, and EV investments are slowing as ...

BP said it would write down the value of its gas and low-carbon energy division by up to $5 billion, the legacy of an ill-timed move into renewables that left it the least profitable of the major oil ...

Drinking beet juice may be helpful for people trying to improve their heart health, according to one study. Researchers found that drinking the juice twice daily lowered blood pressure in older adults ...

BP says it expects to take a hit of as much as $5 billion from its push into renewable energy as it accelerates its pivot back into fossil fuels.