BP stock slides in London as $5 billion write-down warning puts buyback in focus
BP shares fell 2.3% in early London trading Thursday after the company warned of up to $5 billion in low-carbon impairments for the fourth quarter. BP also flagged weaker oil trading and lower prices, projecting a $200–400 million hit from oil and $100–300 million from gas. The company’s full-year results are due Feb. 10.