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Stock Market/Investing/Day Trading/Speculative Trading Thread

finance.yahoo.com

BP quits Russia in up to $25 billion hit after Ukraine invasion

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine. Rosneft accounts for around half of BP's oil and...
finance.yahoo.com finance.yahoo.com

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine.

Rosneft accounts for around half of BP's oil and gas reserves and a third of its production and divesting the 19.75% stake will result in charges of up to $25 billion, the British company said, without saying how it plans to extricate itself.

"I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink bp's position with Rosneft," BP Chief Executive Bernard Looney said.

The rapid retreat represents a dramatic exit for BP, the biggest foreign investor in Russia, and puts the spotlight on other Western companies with operations in the country including France's TotalEnergies and Britain's Shell, amid an escalating crisis between the West and Moscow.

It also underscores growing pressure from Western governments on their companies to curtail operations in Russia as they widen a net of economic sanctions against Moscow.
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I’m way too excited to see the market today.


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All hail @LoudHogRider and NMG


Buy sub 7 and wait a few days for it to rise again like the Sun.

Thank you very much, I will take my nickel and dime gains with little to no risk any day but ESPECIALLY in times when the world is going crazy.

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God is a Husker said:
House and Senate flip to GOP


Biden admin puts the breaks on everything and tries to blame it on the House & Senate



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Yeah I think both are flipping unless the narrative changes... I don't see it changing. It is hard to get the image of people falling from planes trying to escape Afghanistan
 
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