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BP Stock Drops
BP says drop in refining margins to dent Q4 profit
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 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 impairments of between $1.0 billion to $2.0 billion in the fourth quarter.BP also forecast "weaker" fourth-quarter refining margins.
BP sees drop in Q4 upstream output, says CEO will be back in February
British oil major BP said on Tuesday that it expects its fourth-quarter upstream production to be lower than the third quarter. The forecast is due to lower output in oil production and operations, and in gas and low carbon energy.
14h
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.
4h
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 ...
Rigzone
3h
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
“BP, I’m afraid, is still in an identity crisis,” said Bank of America’s Head of European Energy Research Christopher Kuplent ...
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 ...
13h
Stocks to Watch Tuesday: MicroStrategy, Angi, BP
Shares of the crypto-buying software company rallied ahead of the open, as bitcoin prices recovered. Shares of crypto exchange Coinbase (COIN) also rose. ↗️ [*Angi (ANGI) ...
7h
on MSN
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and ...
Upstream
14h
BP says lower upstream output and weaker refining margins to affect quarterly results
BP disclosed expected impacts to its upcoming fourth quarter 2024 results as it said its chief executive is recovering from ...
14h
on MSN
BP reveals boss Auchincloss recovering after procedure as it signals weaker trading
Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a ...
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