In a week when BP's involvement in Russia once again raised concern among investors, the City can draw consolation from the fact that chief executive Bob Dudley is a veteran of the country's perilous politics.
BP has warned investors that its finances and corporate image could be hurt by western sanctions against Russia.
Investors in the former Russian oil company Yukos are confident they will receive a multi-billion pound financial settlement on Monday in a landmark case that threatens maximum embarrassment for BP and the Kremlin at a sensitive time.
There may be loads of worthy developments contained in the second-quarter results statements of BP and Shell this week, but there's a chance nobody will be listening.
Centrica, the owner of British Gas, is in talks with Ian Conn, one of the BP's most senior executives, about taking over from the current chief executive, Sam Laidlaw.
Oil prices above $200 a barrel. Energy shortages in western Europe. The return of recession to the still-fragile global economy. A slump in Russia. That's the fear haunting policymakers as they contemplate how to respond to the shooting down of MH17 over eastern Ukraine last week.
Lamprell has suffered a big pay revolt at its annual general meeting – the third year in a row that shareholders have rebelled against pay deals at the oil rig builder.
BP's profit from its stake in Russia's Rosneft was hit by the falling value of the ruble, pushing its contribution to BP's underlying profit down by 75% to $271m (£161m) in the first three months of this year.
BP's partnership with Rosneft is again under the spotlight after the chairman of the Russian state-owned oil firm was added to the US government's sanctions list.
BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.