The Latest Breaking News from British Petroleum

The oil giant’s chief executive Bernard Looney is also resigning from the Rosneft board.

BP has surrendered its stake in the Russian company

Brent Crude surpassed the $100 per barrel mark yesterday on the news of the Russian invasion of Ukraine. Oil prices can surge even higher due to tight supply. Hence, oil and gas stocks like Exxon Mobil (XOM) and Chevron (CVX) might be good buys. while stocks BP p.l.c (BP) and…

Oil firm holds 22% stake in Rosneft, run by Putin’s de facto deputy, and made $2.7bn profit from arrangement last year

The oil giant owns a nearly 20% stake in Russia’s Rosneft.

Critics say the billion-pound giveaways should be invested in the business instead of being returned to shareholders

Latest updates: PM also urges leaders to take ‘immediate action’ to ban Russia from Swift payment system; sending Nato forces to Ukraine would risk leading to ‘existential’ threat, says minister

One judge would have held that threats to injure reputation are criminalized by the law, but the other two disagreed.

The announcement comes as the National Portrait Gallery said its partnership with BP will end this year.