BP warns of an impairment charge of up to 1.6 billion - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com8 months ago
BP is bracing for a hit of between £781 million to £1.6 billion due to 'post-tax assets impairments and associated onerous contract provisions' in the second quarter.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/bp-warns-of-an-impairment-charge-of-up-to-1-6-billion/
Lower refining margins have impacted oil trading earnings between £391 million to £547 million in the same quarter.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/bp-warns-of-an-impairment-charge-of-up-to-1-6-billion/
BP remains an important part of the energy mix despite recent scattergun focus, with potential for cash flow and distributions due to stable oil prices.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/bp-warns-of-an-impairment-charge-of-up-to-1-6-billion/
Read at London Business News | Londonlovesbusiness.com
#bp #financial-impact #oil-industry #refining-operations #energy-mix
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