Economics

BP Reaping Rewards in Russia Even After Sanctions Added to Risks

  • Low costs, weak ruble help company weather crude-market slump
  • BP gets biggest profit boost from Rosneft since buying stake

A picture shows section of the BP ETAP (Eastern Trough Area Project) oil platform in the North Sea, around 100 miles east of Aberdeen, Scotland.

Photographer: Getty Images
Lock
This article is for subscribers only.

Two years ago, BP Plc said international sanctions against Russia could hurt its business there.

Didn’t happen.