Companies Divesting From Russia Are Facing Big Write-Downs
Companies that divest from their Russian holdings will have to book hefty write-downs and face complex accounting judgments, experts say.Businesses including
BP…
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Exxon to Shut Down Oil Production in Russia After Ukraine Attack
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’s Sudden Russia Exit Exposes Risks for Western Companies in Ukraine Crisis
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PLC’s abrupt unwinding of Russia ties that were 30 years in the making shows the mounting risks Western companies face doing…
Italian Executives Meet With Putin Amid Tension Over Ukraine
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…
BP profits surge as oil and gas prices bounce back
LONDON - Soaring oil and gas prices tied to the global economic recovery from the coronavirus pandemic helped bolster British oil giant BP's third-quarter profits, the company said Tuesday.…
Biden Identifies Cuts to Social Policy and Climate Bill
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…
U.K. Led the World in Slashing Carbon Emissions. Now Comes the Hard Part.
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…
Exxon, Chevron Report Billions in Profits but Plan to Keep Spending Tight
Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to continue spending sparingly to boost production despite higher…
Global minimum tax deal: Everything you need to know
Some 131 nations have agreed to what would be the biggest international tax reform in a generation to clamp down on big companies that are gaming the rules.
The G20 nations are now expected…