BP's Massive Impairment Signals Bad Times for Net-Zero Spending [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
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 fourth quarter of 2025. But the supermajor's low-carbon business has so far performed underwhelmingly, and this is not an exception among the supermajors. BP has been reducing its exposure to transition industries gradually. The company has made public plans to exit Lightsource BP—Europe's largest solar power player—and has divested from its onshore wind power business in the United States. Over the past three years, BP has reported impairment charges in the billions every year, with the amounts varying from $5.7 billion in 2023 to $5.1 billion in 2024, and a total of $6.9 bill
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BP
News
- BP (NYSE:BP) was given a new $41.00 price target on by analysts at Scotiabank.MarketBeat
- BP Flags Multi-Billion-Dollar Transition Impairments as Net Debt Falls in Q4 [Yahoo! Finance]Yahoo! Finance
- Oil Is Surging Over $60: Grab These Large Cap High-Yield Dividend Energy Giants Now [Yahoo! Finance]Yahoo! Finance
- BP flags up to $5 billion in low-carbon energy impairments [BNN Bloomberg (Canada)]BNN Bloomberg
- How activist investors plan to take on Big Oil at the 2026 AGM season [CNBC]CNBC
BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 1/14/26 - Form 6-K
- 1/13/26 - Form 6-K
- 1/2/26 - Form 6-K
- BP's page on the SEC website