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The Economic Times

National / The Economic Times

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BP flags up to $5 billion in energy transition impairments, weak oil trading

BP anticipates booking impairments worth $4 billion to $5 billion in the fourth quarter. This is largely due to its energy transition businesses. The company is shifting spending from lower-carbon ventures back to oil and gas. This move aims to boost profitability under new leadership. Weak oil trading and lower oil prices are impacting earnings.

14 Jan 2026 1:21 pm