BP Warns of Weak Oil Trading, Flags Up to $5 Billion Impairment in Low-Carbon Division
By Adam Whittaker
BP warned its oil-trading performance would be weak and flagged an up to $5 billion impairment in its gas and low-carbon energy segment.
The London-based energy company joined British peer Shell which also warned last week that a weak fourth-quarter oil-trading performance would drag on earnings.
BP said it expects to book a $4 billion to $5 billion impairment, which is primarily due to a write-down in its gas and low-carbon energy segment.
The company is however continuing to make progress cutting net debt as part of a turnaround designed to strengthen the balance sheet and boost shareholder valuations.
Net debt at the end of the quarter is expected to be in the range of $22 billion to 23 billion compared to $26.1 billion at the end of the third quarter, it said.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
January 14, 2026 02:38 ET (07:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
He Tried Shorting Jim Cramer’s Stock Picks. It Cost Him More Than Money
United States