Exit from Russia pushes BP to £16 billion loss

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Exit from Russia pushes BP to £16 billion loss
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The decision to exit its 19.75% stake in Russian oil giant Rosneft has forced the company to take a $25.5 billion charge in the first quarter of the year, pushing it to the large headline loss

BP made an underlying profit of $6.2 billion in the first quarter, up from $2.6 billion this time last year and $4 billion in the final three months of 2021.

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