Re:BP quits Russia in up to $25B hit after Ukraine invasion
by gambiting on Sunday February 27, 2022 @03:02PM
(#30491938)
The gift is worth nothing or actually worse, BP pulling out reduces the value of all of their other shares too.
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Re:BP quits Russia in up to $25B hit after Ukraine invasion
by Tenoke on Sunday February 27, 2022 @03:36PM
(#30492234)
Surely (if that's really the case) just selling on the market and crashing the price would've hurt them even more. I'd normally expect that'd also make BP at least a bit of money but I have no idea about the complex accounting and tax situation when doing it this way.
Either way, at minimum it's a gift of not crashing the price.