Introduction
One aspect of BP's (BP) operations that are well known, yet seemingly seldom discussed, is their 19.75% stake in Russia's state-controlled Rosneft (RNFTF). This is understandable given Rosneft is seldom discussed in the Western investment world, despite its operational size surpassing that of Western oil and gas companies.
Presently, BP's stake is worth approximately $14.4B, based on my calculations and the current ruble to USD exchange rate of 0.016. Considering this is the equivalent to approximately 9.7% of their current market capitalization, it's interesting to evaluate whether they should sell