BP.LN

Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and…

BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings, including its stake in government-controlled oil…

Western oil giants spent decades building inroads to Russia’s fossil-fuel wealth. Those collaborations collapsed in days following Russia’s invasion of Ukraine, leaving them with no clear path to recoup billions of dollars.Even as Russian…

Companies that divest from their Russian holdings will have to book hefty write-downs and face complex accounting judgments, experts say.Businesses including BP PLC, Shell PLC and…

BP BP -6.35% PLC’s abrupt unwinding of Russia ties that were 30 years in the making shows the mounting risks Western companies face doing business there—and the mess they can face getting…

Big European and U.S. businesses are attempting to balance their business interests in Russia with increasing pressure from their home governments to isolate Moscow, as tensions between the West and Russia grow over Ukraine.In Italy, top…