Finance

BP attributes $20 billion quarterly loss to Russian exit, but adjusted earnings spur tax calls

BP booked a pre-tax charge of more than $24 billion on its withdrawal from Russia, but calls in UK for windfall taxes only intensify

Exit fee: BP — headed by chief executive Bernard Looney — took big losses from its Russian exit
Exit fee: BP — headed by chief executive Bernard Looney — took big losses from its Russian exitPhoto: AFP/SCANPIX
  • Gareth Chetwynd
London
Published 3 May 2022, 07:32Updated 3 May 2022, 16:20
BPRosneftUkraine CrisisRussiaEurope