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BP takes $1.5 billion charge over U.S tax changes, joining Shell

RON BOUSSO: JANUARY 2, 2018 / 7:34 AM
LONDON (Reuters) – BP (BP.L) will take a one-off $1.5 billion charge in its 2017 fourth quarter earnings as a result of new U.S. corporate income tax rules, joining rival Royal Dutch Shell. Shell (RDSa.L) said last week it would incur a one-off charge of $2-$2.5 billion, although the new legislation would have a “favorable” impact on earnings. FULL ARTICLE
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