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BP, Refining Margins
BP warns of fourth-quarter profit hit, postpones capital markets day
BP said on Tuesday that lower refining margins would hurt its fourth-quarter profit by $100 million to $300 million and that it expects oil trading to be weak.
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 activity is also set to have a higher impact for the fourth quarter compared to the third quarter.
BP Expects Upstream Production to Fall On Quarter
The British oil-and-gas company on Tuesday also said its gas and low carbon energy division will be boosted by higher natural-gas market prices.
BP warns of fourth quarter profit hit as production and refining margins fall
BP warned on Tuesday that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three months. Since taking the helm a year ago,
19h
on MSN
BP Expects to Book Up to $2 Billion in Charges, Sees Lower Upstream Production
The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.
1d
BP: The Citibank Of Oil
BP's focus on returning capital to shareholders is attractive, however, lower oil prices could impact the strategy. Read why ...
10h
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 ...
15h
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 ...
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 ...
13h
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.
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 ...
18h
Stocks to Watch Tuesday: MicroStrategy, Angi, BP, Trump Media
Shares of the crypto-buying software company rallied ahead of the open, as bitcoin prices recovered. Shares of crypto exchange Coinbase (COIN) also rose. ↘️ [**Trump Me ...
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14h
BP postpones financial event as CEO has 'planned medical procedure'
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8d
Down 25% from its one-year traded high, is BP’s share price set to soar on new oil field developments?
BP’s share price has tracked the oil price lower this year, but I think giant new oil deals hold the prospect of huge revenue ...
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