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BP takes $5bn hit over green energy transition

By Frank Prenesti

Date: Wednesday 14 Jan 2026

(Sharecast News) - Energy giant BP on Wednesday said it expected to take an impairment charge of $4bn - $5bn in ‌the fourth quarter, mainly ‌related to its energy transition ‌businesses after it pivoted away from green alternatives to fossil fuels, adding that oil trading was expected to be weak.
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