BP earnings slump not worrying analysts

11:06am, Wednesday, 02'nd Aug 2023
BP PLC (LSE:BP.) is still in a strong position despite recording an 80% drop in second-quarter profit on Tuesday, analysts have reassured.

New Strong Sell Stocks for August 2nd

06:41am, Wednesday, 02'nd Aug 2023
ASB, BP and HMN have been added to the Zacks Rank #5 (Strong Sell) List on August 2, 2023.

Following Its Q2 Results, BP Is A Buy

04:59am, Wednesday, 02'nd Aug 2023
BP is a dividend growth stock that is transitioning towards renewable energy while still maintaining its oil and gas production. The company's fundamentals have been impacted by the Deepwater Horizon
BP is the latest to join the list of major energy companies that posted big profit declines because of falling oil and gas prices.
Lower realizations of commodity prices and a decline in refinery throughputs hurt BP's earnings in Q2.
BP shares traded lower after the energy giant posted an about 70% year-over-year drop in profit for the second quarter. For 2Q, BP's underlying replacement cost profit was $2.589 billion, down from $8
Supermajor joins its energy peers in posting markedly lower quarterly profits but hikes its dividend pay out by over 10%.
HSBC shares traded at their highest in four years and BP's stock shrugged off lower oil prices on the day to claim their best level since May, as the London-listed blue chips announced billion-dollar
BP CEO Bernard Looney joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel

5 Things to Know Before Markets Open

07:30am, Tuesday, 01'st Aug 2023
Meta Platforms is planning to roll out AI chatbots to help it retain users of its apps and healthcare retailer CVS lays off 5,000 workers as it cuts costs in preparations to expand into primary care.
BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday.
The energy giant raised its dividend by 10% and announced a new $1.5 billion share buyback program.

BP Profit Declines More Steeply Than Peers'

04:23am, Tuesday, 01'st Aug 2023
Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares.
BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, Chief Executive Officer Bernard Looney sai
BP CEO Bernard Looney discusses shareholder returns, gas trading and oil demand after the firm's second-quarter profit fell by more than expected. He speaks with Dani Burger on "Bloomberg Markets Tod
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