BP warns of 4th quarter profit hit

BP warns of weak fourth-quarter profits
BP is warning of weak fourth-quarter profits as a result of weaker production, refining margins and trading.
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned today 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 Warns of Weak Q4 Results and Delays Capital Markets Day
BP plc BP has cautioned investors about weak fourth-quarter results due to declining oil and gas production, reduced refining margins and trading setbacks. The company also revealed a delay in its highly anticipated investor day,
BP expects weaker Q4 2024 performance, reschedules capital markets day
BP expects lower production in the upstream segment in the fourth quarter (Q4) compared with Q3, affecting both oil production and operations and gas and low-carbon energy.
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,
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.
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 ...
Barclays Keeps Their Buy Rating on BP p.l.c. (BP)
Barclays analyst Lydia Rainforth maintained a Buy rating on BP p.l.c. (BP – Research Report) today and set a price target of £6.50. The ...
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 ...
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 ...
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation ...
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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 ...
Scotiabank Sticks to Its Hold Rating for BP (BP)
In a report released today, Paul Cheng from Scotiabank maintained a Hold rating on BP (BP – Research Report), with a price target of $36.00.
BP to boost oil output from India's largest field by 44%, ONGC says
BP (NYSE:BP) plans to increase oil production at India's largest field by 44% and gas production by 89%, state-controlled Oil ...
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BP flags weaker Q4, delays February strategy update
The company’s update is another indication of a fourth-quarter fall in earnings for the world’s largest energy companies.
Why the BP share price fell 16% in 2024
Oil prices have been falling since April causing BP shares to do the same. But Stephen Wright thinks there’s much more to the ...
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 ...