BP to take huge $25bn hit as it exits Russian oil company Rosneft

UK supermajor faces massive charge as it plans to offload 19.75% stake in wake of Russia's 'act of aggression' towards Ukraine as West moves to isolate Moscow from global economy

Exit: Rosneft headquarters in Moscow - BP said Sunday it is exiting its share in the state-owned Russian oil and gas company — Exit: Rosneft headquarters in Moscow - BP said Sunday it is exiting its share in the state-owned Russian oil and gas companyPhoto: AP/SCANPIX

Ukraine Crisis BP Rosneft Bernard Looney Ukraine

Published 27 February 2022, 17:42Updated 28 February 2022, 17:08