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BP Plans $5 Billion Asset Write-Down Amid Leadership Changes and Market Challenges

NATURAL GAS

BP plans to write down up to $5 billion in assets in Q4, affecting its natural gas and low-carbon sectors, amid leadership changes with CEO Meg O'Neill set to take over in April. The company is refocusing on fossil fuels, aiming for $20 billion in asset sales by 2027, while facing challenges from oversupply and declining oil prices despite a 10% stock increase last year.

BP Plans $5 Billion Asset Write-Down Amid Leadership Changes and Market Challenges
Jan 15, 2026, 6:06 AM

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