BP says taking $2-3 bn hit on asset disposals

British energy major BP said Friday that it will take a charge of $2-3 billion (1.8-2.7 billion euros) on the back of major asset sales including its Alaska division.

The company said in a statement that it would take the hit in its third-quarter earnings, which are scheduled for publication on October 29.

"BP today announced that it now expects to deliver divestment proceeds and announced transactions totalling around $10 billion by the end of 2019, comprising the majority of its two-year divestment programme planned to complete by the end of 2020," it said in a statement.

"The $5.6 billion sale to Hilcorp of BP's Alaskan business ... is the largest single agreed transaction and is expected to complete in 2020.

"As a result of the agreed divestments, BP expects to take a non-cash, non-operating, after-tax charge of $2-3 billion in its third quarter 2019 results."