BP stock slides on $5 billion clean-energy write-down warning as oil prices climb
BP shares fell 1.6% in London after the company warned of $4 billion to $5 billion in impairments tied to its transition businesses and flagged weak oil trading. Oil prices rose for a fifth session on Iran supply-risk fears, with Brent at $66.31 a barrel. Traders await U.S. stockpile data and BP’s Feb. 10 results.