YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
British energy giant BP announced it would offload its nearly 20% stake in Rosneft, a Russian-controlled oil company.
BP CEO Bernard Looney and former executive Bob Dudley also are resigning from Rosneft's board.
“This military action represents a fundamental change,” BP Chair Helge Lund said in a statement. “It has led the BP board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue.”
Read more from CNBC.
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