BP PLC (BP) Q3 2023 Earnings Call Transcript

09:23am, Tuesday, 31'st Oct 2023
BP PLC (NYSE:BP ) Q3 2023 Earnings Conference Call October 31, 2023 5:00 AM ET Company Participants Murray Auchincloss - Interim CEO & Director Katherine Thomson - SVP, Finance for Production & Operat
BP PLC (LSE:BP.) third-quarter results were expected to show monster profits but turned out to be a Halloween fright instead.
BP's Q3 earnings get impacted by lower realizations of commodity prices and a decline in refinery throughputs.
Shares in BP dropped sharply on Tuesday after the British oil major fell short of analysts' expectations in posting a 60% drop in its third-quarter profits, following a weak performance from its gas t

BP Misses on Profit. The Stock Is Falling.

05:39am, Tuesday, 31'st Oct 2023
BP maintained its dividend and extended its share buyback program.
BP PLC (LSE:BP.) reported a substantial decline in profits for the third quarter, falling short of analysts' expectations and wiping more than £4 billion off the company's market value.
The World Bank has cautioned that escalating conflict in the Middle East could propel oil prices to over $150 per barrel, triggering significant increases in energy and food costs worldwide. This come
BP remains committed to its offshore wind growth plans after the energy company booked a $540 million impairment on two U.S. projects, CEO Murray Auchincloss told Reuters on Tuesday.
BP PLC (LSE:BP.)'s profit more than halved in the third quarter, falling short of City forecasts, as weak results in gas marketing offset a strong performance in oil trading.

BP's Q3 profits drop sharply, buybacks extended

03:16am, Tuesday, 31'st Oct 2023
BP reported on Tuesday third-quarter earnings of $3.3 billion, missing analysts' forecasts, after a large drop in energy prices from a year ago, as the company extended its $1.5 billion share repurcha
This quarter, former CEO Bob Dudley left the oil major over failure to disclose relationships with colleagues this quarter.
BP is seeking to form joint ventures around its U.S. onshore natural gas fields to expand production and cut costs as rival energy giants rush to scale up shale businesses, three sources with direct k
It's Halloween, but investors are unlikely to fear scary headlines from BP PLC (LSE:BP.) though they might need a few more calculator noughts.
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean Coast, aiming to create more competition and diversify su
The fossil fuel conglomerate will be the first to acquire chargers directly from Tesla for its third-party network. What does that mean for EV drivers?
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