BP said it expects the global slump in refining margins will see it take a $400 million to $600 million hit to its profits after Shell made a similar warning this week
BP PLC (LSE:BP.) has warned that weak refining margins and lower oil prices have affected its third-quarter numbers.

BP says weak refining margins to hit Q3 profit

02:25am, Friday, 11'th Oct 2024
BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous three months.
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The North Sea Transition Authority (NSTA) has unveiled new guidelines aimed at streamlining mergers and acquisitions in the UK's North Sea oil and gas sector, where over 100 deals take place annually.
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC face mixed forecasts as they prepare for third-quarter reports, according to JP Morgan's latest research on the oil and gas sector. Both companies are expec
24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 5%.
Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favour of BP , prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue (GTA) project offshore
BP abandons its ambitious target to reduce oil and gas production by 2030, refocusing on boosting hydrocarbon output and shareholder returns, while maintaining its 2050 net-zero goal.
An aggressive increase in windfall taxes could cause a too-rapid decline in UK gas production and could threaten up to 100,000 jobs, Stifel analysts have warned. Stifel's comments came in a research p
British oil giant BP advanced efforts to adjust its business plans to make itself more competitive with peer companies Monday, announcing it will abandon a goal of reducing its equity oil production b
Junkscience.com editor and publisher Steve Milloy discusses how BP abandoned their plans to cut oil and gas output by 2030 amid investor pressure on ‘The Bottom Line.'
Reports of strategy reset leave campaigners saying company is prioritising profits over planet
Amid geopolitical tensions in the Middle East, Jefferies analysts have highlighted oil levered companies that have underperformed, and therefore are attractively priced. In recent developments, Iran l
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