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The Latest Breaking News from British Petroleum

Shell, BP and ExxonMobil have done business in Russia for decades – here's why they're leaving now

In response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are U.S. energy giant ExxonMobil…

The Conversation

Russia's War Spurs Corporate Exodus, Exposes Business Risks

Auto shipments stopped, beer stopped flowing, cargo ships dropped port calls and oil companies cut their pipelines. Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Ford and BP — to pull out of…

Asharq Al-Awsat

Sydney spared worst of rain but Newcastle still under threat – as it happened

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The Guardian - AU

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John Lewis, Sainsbury's, H&M and 25 more firms that have cut ties with Russiain past week

British Gas, Morrisons and PayPal are just some of the huge companies suspended ties with Russia in an act of solidarity against Vladimir Putin's war on Ukraine

Daily Mirror

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

The Guardian - UK

Oil companies are fine with destroying the planet, just not like this

Despite initially lobbying for lighter sanctions and loosened regulations, Big Oil firms including BP and Shell are now pulling out of Russia.

Mic

British Gas owner Centrica to exit Russia gas supply contracts

It comes after a number of UK energy companies, including BP and Shell, moved to sever their ties to Russia because of the conflict.

The Independent UK

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British Gas owner follows BP and Shell in cutting Russia ties

Centrica announces end of gas supply agreement with Kremlin-controlled Gazprom

The Guardian - UK

What 4 Analyst Ratings Have To Say About BP

Analysts have provided the following ratings for BP (NYSE:BP) within the last quarter:

Benzinga

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

ASX rises for the third day and Russia doubles interest rates to prop up the rouble amid financial sanctions over Ukraine invasion

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.

ABC News

BP and Shell lead rush to exit Russia. There can be no going back

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

The Guardian - UK

Western Companies Head For the Exit in Russia as Sanctions Tighten

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…

Asharq Al-Awsat

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

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

The Guardian - UK

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Nottingham Post

The cheapest petrol stations across Nottingham right now as fuel prices surge

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

Evening Standard

City comment: Russian gas will keep flowing even if Shell ditches Gazprom

Shell must follow BP and dump Gazprom.

Birmingham Post

All about the impact of the Ukraine crisis on share prices, energy and inflation

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

Evening Standard

Shell faces pressure over Gazprom after rival BP pulls plug on $25bn Russia assets

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.

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The Independent UK

BP slides over Russia exit as London markets fall again

The oil giant dropped by as much as 7% at the start of trading on Monday.

Daily Mirror

BP offloads 19.75% stake in Russian oil giant Rosneft with immediate effect

BP is to offload its 19.75% stake in state-owned Russian oil giant Rosneft "with immediate effect" following President Putin's invasion of Ukraine

The Guardian - UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

Evening Standard

FTSE 100 Live: Sanctions trigger Russia financial markets turmoil, BP dumps Rosneft stake

The impact of sanctions against Russia today sent the rouble to its lowest ever level and prompted the country's central bank to lift interest rates to 20%.

ABC News

Andrew Forrest pulls back on Russian investments, while BP will dump Rosneft stake and Norway divests

Russia is being dealt more financial blows, with Australian billionaire Andrew Forrest pulling back on hydrogen investments there, while oil giant BP and Norway's sovereign wealth fund are also divesting from the country.

The New Daily

Ukraine agrees to meet Russia on border despite Putin’s nuclear preparations

As Vladimir Putin threatens reprisals and the EU closes air space, Volodymyr Zelensky says he is prepared to send delegates to talk to Russia.

The Independent UK

BP exiting stake in Russian oil and gas company Rosneft

BP says it's exiting its share in Rosneft, a state-owned Russian oil and gas company in reaction to Russia's invasion of Ukraine

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