{"id":471965,"date":"2022-03-02T09:01:03","date_gmt":"2022-03-02T03:31:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471965"},"modified":"2022-03-02T09:31:57","modified_gmt":"2022-03-02T04:01:57","slug":"bp-stock-slides-as-russia-exit-plan-may-result-in-25-bn-bill-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-stock-slides-as-russia-exit-plan-may-result-in-25-bn-bill-2\/","title":{"rendered":"BP stock slides as Russia exit plan may result in $25-bn bill"},"content":{"rendered":"<p>Shares in BP fell nearly 7% on Monday after the British energy major revealed plans to sell its nearly 20% stake in Russian oil giant Rosneft over the weekend following Moscow&#8217;s invasion of Ukraine.<\/p>\n<p>State-owned Rosneft accounts for around half of BP&#8217;s oil and gas reserves and a third of its production. A sale of the 19.75% stake ends three decades of partnership between the two companies and will result in charges of up to $25 billion, BP said on Sunday.<\/p>\n<p>BP shares pared some early losses and were down 4.5% at 361.5 pence on the London Stock Exchange by 0825 GMT, but were still among the top losers on Britain&#8217;s blue-chip FTSE 100 index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in BP fell nearly 7% on Monday after the British energy major revealed plans to sell its nearly 20% stake in Russian oil giant Rosneft over the weekend following Moscow&#8217;s invasion of Ukraine. State-owned Rosneft accounts for around half of BP&#8217;s oil and gas reserves and a third of its production. A sale of the 19.75% stake ends three decades of partnership between the two companies and will result in charges of up to $25 billion, BP said on Sunday. BP shares pared some early losses and were down 4.5% at 361.5 pence on the London Stock Exchange by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-471965","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=471965"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471965\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}