BP Flags $3-4.5 Billion in Impairments for Third Quarter

BP's new $4.5bn renewables retreat hit as 'damage' goes on

Oil giant's impairments from energy transition strategy closing in on $10bn as analyst asks when 'house will be clean'

BP expects up to $4.5B in Q3 impairments as refining margins jump (BP:NYSE)

BP forecasts $3B–$4.5B Q3 impairment charges but higher refining margins, stronger gas trading, and lower net debt.

BP expects to take £3bn hit from green energy business

It is the second time this year the oil major has been hit by large write-downs in its low-carbon business.

BP flags $3-4.5 billion in impairments for third quarter

BP braces for hit of up to $4.5bn in pivot from green energy

BP is bracing for a hit of up to $4.5bn after a hefty write-down in its energy transition unit, as the firm pivots away from aggressive green targets. The FTSE 100 energy giant told markets on Tuesday its third quarter update – set for the end of the month – would include a post-tax impairment [...]

BP forecasts net debt of US$13.5B to US$14.5B

BP flags US$3B to US$4.5B in total post-tax impairments, primarily attributable to transition businesses, ahead of Oct. 30 results.