BP (BP) on Tuesday posted third-quarter profit that fell well short of analysts' forecasts, dragged by weaker refining margins and oil trading.
Oil and gas giant BP (LON: BP) has unveiled its lowest quarterly profits since Q4 2020, when the industry's performance took a nosedive during the Covid-19 global pandemic.
Rival oil majors Exxon, Chevron, and Shell report later this week.
BP's profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline
British oil major BP recently reported its weakest quarterly earnings since the pandemic-driven downturn of 2020, driven by slumping crude prices and slimmer refining margins. Despite a dip in earning
BP PLC (LSE:BP.) reported lower profit and cash flow from a year ago and said its plan for the next decade is to grow its core oil & gas business “with a focus on value over volume” while being m
BP on Tuesday reported higher-than-expected third quarter profits of $2.3 billion, their lowest in almost four years, weighed down by a drop in refining profits and weaker oil trading.
British oil giant BP posts $2.3 billion in third-quarter profit, beating expectations
Tuesday brings updates from HSBC and BP, after the former signalled a split of its Asian and UK businesses recently.
Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya's national oil corporation (NOC) said on Saturday.
The pullback by energy giant BP from renewables and a renewed focus on high margin mainstay oil and gas plays has been relentless this year under its current CEO Murray Auchincloss who was appointed i
In the latest trading session, BP (BP) closed at $31.30, marking a -0.03% move from the previous day.
British oil giant BP said on Thursday it has taken full ownership of Lightsource BP, after closing the previously announced buyout of the remaining equity in the solar developer.
BP partners with Subsea Integration Alliance to create a platform for more effective utilization of their expertise in subsea projects across a range of future projects.

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10:05am, Thursday, 24'th Oct 2024
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