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BP Makes £18b Promise to U.K. as Profit Rises: The London Rush

Vehicles refuel at a BP Plc petrol station near Chelmsford, U.K.

Vehicles refuel at a BP Plc petrol station near Chelmsford, U.K.

Photographer: Chris Ratcliffe/Bloomberg

Here’s the key business news from London-listed companies this morning.

BP Plc: The oil and gas giant posted a pre-tax charge of 29.3 billion dollars for the first quarter of this year, including its decision to exit its nearly 20 percent stake in Russia’s Rosneft Oil Company