$BP Stock News and Forecast: Why is BP stock price collapsing on Monday?
UK government said to pressure BP into selling its stake.BP stock is falling sharply this morning following its Sunday announcement that it would dump its stake in Russian energy giant Rosneft. BP stock closed at $30.73 in New York on Friday, and already the shares are trading some 7% lower at $28.57 in Monday's premarket session. BP is Europe's second-largest energy company.
BP went on to say it will result in two material changes to results for the first quarter in 2022. "As a result of the resignations of BP’s nominated directors, BP has determined that it no longer meets the criteria set out under International Financial Reporting Standards for having “significant influence” over Rosneft. BP will therefore no longer equity account for its interest in Rosneft, treating it now as a financial asset measured at fair value.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BP Offloads Stake in Russia's RosneftThe British oil giant held 20% of interest in the company.
Weiterlesen »
BP divests stake in Russian oil giant RosneftNEW: BP divests its 19.75% stake in Russian state-owned oil giant Rosneft
Weiterlesen »
BP Offloads Its Nearly 20% Stake in Russia's RosneftThe British oil giant held 20% of interest in the company.
Weiterlesen »
BP exits shareholding in state-owned Russian oil firmOil company BP plans to offload its 19.75% shareholding in Rosneft, a state-owned Russia oil firm.
Weiterlesen »
BP exits partnership with Russian energy company RosneftBP said cooperation with Rosneft is not in the 'long-term interests' of shareholders.
Weiterlesen »
BP exit opens new front in West's campaign against RussiaEnergy major BP opened a new front in the West's campaign to isolate Russia's economy, with its decision to quit the oil-rich country the most aggressive move yet by a company in response to Moscow's invasion of Ukraine.
Weiterlesen »