BP warns of another low carbon writedown ahead of Q3 2026 results

BP says it expects another impairment charge in its low carbon business when it reports third quarter results. The trading update, issued ahead of the numbers, signals that parts of the company's renewables and clean energy portfolio are still not performing to plan. BP has been trimming low carbon targets and taking writedowns as it tries to balance energy transition spending with shareholder returns. The article does not give the size of the hit or name the assets involved. That detail matters because BP's low carbon segment covers everything from offshore wind to hydrogen and EV charging. Investors will be looking for clarity on which projects drove the writedown and whether this changes BP's broader transition strategy.