BP reports $20.4-bn quarterly net loss on Russia exit

The loss after tax stood at $20.4 billion (19.4 billion euros) following BP's decision in February to pull its 19.75-per cent stake in energy group Rosneft, ending more than three decades of investment in Russia.

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BP reports $20.4-bn quarterly net loss on Russia exit

LONDON: MAY. 3- British energy giant BP on Tuesday posted a huge net loss in the first quarter after it decided to exit Russia over the country’s invasion of neighbour Ukraine.

The loss after tax stood at $20.4 billion (19.4 billion euros) following BP’s decision in February to pull its 19.75-per cent stake in energy group Rosneft, ending more than three decades of investment in Russia.

-AFP