bp flags up to $5 billion in energy transition writedowns in Q4 update
January 15, 2026
(World Oil) – bp said it expects to record $4 billion to $5 billion in post-tax impairments in the fourth quarter of 2025, largely tied to its energy transition businesses, according to a trading statement released ahead of its full-year results. The company said the writedowns, which will be excluded from underlying replacement cost profit, are primarily linked to its gas and
