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BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly-anticipated investor day due to a medical procedure undergone by CEO Murray Auchincloss.
BP delays investor day after CEO's medical procedure, sees lower Q4 upstream production
BP
(NYSE:
BP
) -1.3% pre-market Tuesday after saying Q4 results will be hurt by lower oil and gas production, refining margins and trading, while also delaying its investor day due to a planned medical procedure by CEO Murray Auchincloss. The company said ...
BP postpones capital markets day after chief Murray Auchincloss has ‘medical procedure’
BP has postponed a capital markets day next month so that its chief executive Murray Auchincloss can recuperate from a “planned medical procedure”. The FTSE 100 oil and gas giant said on Tuesday that Auchincloss was “recovering well” from the recent procedure,
21h
on MSN
BP Stock Drops After Company Warns of Impairments of Up to $2 Billion in Q4
KEY TAKEAWAYS BP stock is falling in premarket trading Tuesday after the British oil giant said it expects to book ...
5h
BP Prudhoe Bay Royalty Trust To Liquidate Assets For Less Than Market Price
Read here for BPT Trustee's forced termination article, predicting potential equity wipeout and near term price target of ...
14h
BP’s Resilient Financial Outlook and Strong Long-Term Production Potential Drive Buy Rating
Analyst Doug Leggate of Wolfe Research maintained a Buy rating on BP (BP – Research Report), with a price target of $50.00.Stay Ahead of the ...
19h
BP Warns of Lower Oil, Gas Output in Q4 Update
BP p.l.c. (NYSE:BP) shares fell premarket on Tuesday after the company updated fourth-quarter guidance. The company expects ...
6d
BP projects 44% jump in oil output from India's largest field, ONGC says
Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its ...
17h
BP sees Q4 upstream production lower compared to prior quarter
In a regulatory filing, BP (BP) said, “Murray Auchincloss has recently undergone a planned medical procedure from which he is recovering well.
Crude Oil Prices
22h
BP Expects Weak Oil Trading and Refining Margins to Reduce Q4 Profit
BP forecasts that weaker realized refining margins will dent the Q4 earnings by up to $300 million. Refinery turnaround ...
1d
Warning to UK motorists over 'contaminated' fuel from major BP petrol station
Motorists have been issued an urgent warning after dozens of drivers said their cars broke down after they visited a popular ...
11d
BP Executes Share Buyback Program to Enhance Shareholder Value
BP announced a series of share buyback transactions under the authority granted by shareholders during the 2024 Annual ...
4h
Pressure mounts on BP chief as investor patience wanes
In the five quarters Auchincloss has presided over since becoming interim chief executive in September 2023, BP has missed ...
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