BP.LN

Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue,…

BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,…

Russian prosecutors have issued warnings to Western companies in Russia, threatening to arrest corporate leaders there who criticize the government or to seize assets of companies that…

Western oil giants spent decades building inroads to Russia’s fossil-fuel wealth. Those collaborations collapsed in days following Russia’s invasion of Ukraine, leaving them with no clear…

Companies that divest from their Russian holdings will have to book hefty write-downs and face complex accounting judgments, experts say.Businesses including BP…

The U.S. oil giant said Tuesday that it is preparing to shut down production from the massive Sakhalin Island development in Russia’s Far East. Exxon…

BP BP -5.79% PLC’s abrupt unwinding of Russia ties that were 30 years in the making shows the mounting risks Western companies face doing…

Big European and U.S. businesses are attempting to balance their business interests in Russia with increasing pressure from their home governments to isolate Moscow, as tensions between the…

WASHINGTON—Democrats accelerated efforts to strike a deal on their social-policy and climate legislation, as President Biden identified programs that party lawmakers could eliminate or slim…

The U.K. has set one of the most ambitious carbon emission-reduction targets among major economies, making the country a case study in how climate goals call for big shifts in…