Commenting on this information, BP CEO Bernard Looney said that the decision to withdraw from Rosneft's stake, taken in February this year, led to significant expenses (including non-monetary) and a general loss. However, this did not affect the strategy and financial structure of the company.
As follows from the company's press release, reported by Kommersant , BP's quarterly revenue amounted to 51.22 billion, which is 1.4 times more than in the first quarter of 2021.
BP estimates that Russian oil production has now fallen by 1 million barrels per day, and after the entry into force of energy sanctions, this number may increase. According to Looney, it can grow by 2 times.
BP has decided to stop doing business in Russia in connection with the start of a Russian special operation in Ukraine. Since 2013, the British have owned a 19.75% stake in Rosneft. Both representatives of BP have already left the board of directors of Rosneft. In addition, the British company also refused to buy Russian oil and gas.