BP PLC has announced its intention to exit its material (19.75%) stake in Russian-controlled Rosneft Oil Co. PJSC due to the invasion of Ukraine; this will translate to a significant change in the group's asset mix but not its cash flows. As a result, we affirmed our 'A-' long-term and 'A-2' short-term issuer credit ratings on BP. The outlook remains stable and reflects our assumption that prevailing high oil and gas prices will let BP strengthen its financial resilience more rapidly than it could have otherwise, with funds from operations (FFO) to debt of close to 45% in 2022 and 2023. The stable outlook reflects our view that BP's credit metrics will continue to improve over the coming quarters, with
