BP’s Massive Impairment Signals Bad Times for Net-Zero Spending ...Middle East

OILPRICE - Economy
BP’s Massive Impairment Signals Bad Times for Net-Zero Spending
source : OILPRICE ( Middle East ) () 33
This week, BP announced it would take a $4–$5 billion hit to its Q4 earnings from winding down its energy transition business. The announcement followed a similar one from Ford, which said in December it would incur $19.5 billion in losses due to a substantial curtailment of its EV plans. These two are far from the only ones losing money on what was, a few years ago, considered a sure-return investment. And that’s bad news for net-zero plans. BP did not go into detail about the specific nature of the impairments it would book for the…

Hence then, the article about bp s massive impairment signals bad times for net zero spending was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( BP’s Massive Impairment Signals Bad Times for Net-Zero Spending )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
HMRC apologises after glitch shuts helplines ahead of self-assessment deadline
INDEPENDENT - before 7 hours & 58 minute
TechAssure Expands Latin American Presence with Addition of Vitae Group's São Paulo Brokerage Team
PR Newswire - before 11 hour & 5 minute
10 Years Since AlphaGo, Code Name: BlueSpot Disclosed Ahead of Handicap-Match Events
PR Newswire - before 9 hours & 29 minute
China Leads Global Coal Power Additions Despite Renewables Push
OILPRICE - before 9 hours & 8 minute
IHC and U.S. Development Finance Corporation Forge Landmark Collaboration to Mobilize Global Capital Across Strategic Sectors
PR Newswire - before 11 hour & 59 minute
Inside OpenAI’s Raid on Thinking Machines Lab
WIRED - before 3 hours & 11 minute
Bipartisan Bill Proposes $2.5 Billion U.S. Critical Minerals Reserve
OILPRICE - before 8 hours & 41 minute
MLCworks Combines with EisnerAmper
PR Newswire - before 10 hours & 24 minute
Zoomlion fördert die intelligente Fertigung mit integrierter KI und Robotik mit eingebauter Intelligenz
PR Newswire - before 2 hours & 31 minute
Maersk Resumes Key Red Sea Shipping Route
OILPRICE - before 8 hours & 9 minute
Halliburton Looking Forward To A Swift Return To Venezuela
OILPRICE - before 7 hours & 7 minute
MediCapture lanza el piloto aiScope™ para ciencias veterinarias en VMX 2026
PR Newswire - before 11 hour & 17 minute


Latest News

When Oil Falls but Exxon and Chevron Don’t

before 34 minute

2026 ‘started with most homes for sale in a new year period since at least 2018’

before 40 minute

OCLC's CloudLibrary honored with Gold 2026 Modern Library Award

before hour & 9 minute

Shanghai Electric présente « Le pouvoir de l'intégration » au salon WFES 2026, avec des solutions énergétiques complètes pour le Moyen-Orient

before hour & 22 minute

Zoomlion fördert die intelligente Fertigung mit integrierter KI und Robotik mit eingebauter Intelligenz

before 2 hours & 31 minute

Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil

before 2 hours & 39 minute

Infinium stellt die Infinium Edge™-Plattform für die Immersionskühlung in hochdichten KI-Rechenzentren vor

before 2 hours & 44 minute

Elite Academic Academy Earns Level 3 Marzano High Reliability Schools™ Certification

before 2 hours & 58 minute

Inside OpenAI’s Raid on Thinking Machines Lab

before 3 hours & 11 minute

Russia’s Oil Revenue Slump Hits Budget Where It Hurts

before 3 hours & 37 minute

Skilled Workers Look to Technology Amid Workforce Shortages and Codes & Standards Rollbacks

before 3 hours & 59 minute

Pentagon to overhaul independent military newspaper, calling it ‘woke’

before 4 hours & 6 minute

65 Years Strong: Anderson & Vreeland's Legacy in Flexographic Printing

before 4 hours & 28 minute

UK Output Rises Marginally, but Analysts See Little Momentum

before 4 hours & 37 minute

AMTD, Eigentümer von The Art Newspaper, reicht Klage gegen INNA BAZHENOVA und GLEB IBRAGIMOV wegen Einschüchterung, böswilliger Falschdarstellung, Vertrauensbruch und daraus resultierender Verluste und Schäden ein.

before 4 hours & 43 minute