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BP Expects to Book Up to $2 Billion in Charges
The Wall Street Journal|January 15, 2025
BP said it expected to book impairments of $1 billion to $2 billion in the fourth quarter while upstream production is expected to fall. The British oil-and-gas giant said Tuesday that the noncash, posttax charges are attributable across its business divisions.
- Adam Whittaker
BP Expects to Book Up to $2 Billion in Charges

In a trading update covering the final three months of last year, BP said upstream production is expected to be lower than the 2.4 million oil-equivalent barrels a day it reported in the third quarter.

Lower oil prices and refining margins also look set to continuing dragging on BP's financial results-a fourth-quarter theme analysts expect across the sector.

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BP Expects to Book Up to $2 Billion in Charges
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