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BP to Book Up to $2 Billion Impairment

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


(END) Dow Jones Newswires

July 09, 2024 02:29 ET (06:29 GMT)

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