BP to Exit 20% Stake in Russia’s Rosneft

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BP said Sunday it would exit its nearly 20% stake in Russian oil company Rosneft and that its CEO Bernard Looney would resign immediately from Rosneft’s board.

The British oil and gas giant said it has held the 19.75% stake since 2013.

In a statement Sunday, BP (ticker: BP) said it expects a material non-cash charge with first quarter 2022…



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