LSE:BP.Oil and Gas
BP (LSE:BP) Faces $1 Billion Low Carbon Charge As Trading Improves
BP announced around $1b of new impairment charges tied to its low carbon and transition businesses.
The company is placing more emphasis on traditional oil and gas operations while reassessing parts of its transition portfolio.
BP also reported stronger trading results and further reduction in net debt alongside the impairment update.
LSE:BP is back in focus as the company pairs fresh writedowns with stronger operational metrics. The stock closed at £5.165, with returns up 8.8% over the...