The Latest Breaking News from British Petroleum

The ASX gains ground as the Reserve Bank keeps interest rates at a record low and Russia more than doubles its key interest rate after the West ramped up financial sanctions over the invasion of Ukraine.

Oil is always a political business, and there’s no point pretending otherwise

BP is bailing on its near-20% stake in Russia's Rosneft. Here's how the charts look as the stock falls.

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of…

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

The average cost of a litre of petrol at UK forecourts was 151.67p on Tuesday, March 1

Shell must follow BP and dump Gazprom.

BusinessLive looks at the economic fallout of the Russian invasion of Ukraine and the subsequent sanctions

ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets.

BP Plc said Sunday it will take a $25 billion hit in exiting its 19.75% stake in state-backed oil giant Rosneft.

Stock futures slump as Russia extends Ukraine invasion, west doubles-down on sanctions; Week Ahead: earnings season closes, jobs report in focus; Bp dumps Rosneft stake in $25 billion Russia exit; Warren Buffett posts record earnings for Berkshire Hathaway and New York ends school mask mandates, vaccine status proof.