BP to Book Up to $2 Billion Impairment
Provided by
Dow Jones
By Christian Moess Laursen
BP expects to book an impairment of up to $2.0 billion, hitting its second-quarter results, while its oil-trading result is set to fall on quarter.
The British energy major said Tuesday that it expects its second-quarter results to be hit by after-tax asset impairments and one-off contract provisions of between $1.0 billion and $2.0 billion, including charges relating to a review of its Gelsenkirchen refinery in Germany.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 09, 2024 02:29 ET (06:29 GMT)
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