BP PLC stock slips as $5 billion green-energy write-downs loom and oil trading looks weak
BP expects $4 billion to $5 billion in Q4 impairments tied to its energy transition businesses and warned of weak oil trading and lower prices hitting earnings. Shares fell about 1% in early London trading Wednesday. The company projects net debt of $22 billion to $23 billion and will report results Feb. 10. Investors await details on charges, cash returns, and debt.