BP on track for best day since February as oil giant announces …

A 5% pop in BP shares helped underpin a 0.3% rise for the FTSE 100 index. BP on track for best day since February as oil giant announces plans to shower shareholders with cash Share

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BP On Track For Best Day Since February As Oil Giant Announces …

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A 5% pop in BP shares helped underpin a 0.3% rise for the FTSE 100 index. BP on track for best day since February as oil giant announces plans to shower shareholders with cash Share

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BP Stock Drops After Company Warns Of Impairments Of Up

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1 day ago · BP stock is falling in premarket trading Tuesday after the British oil giant said it expects to book impairments of between $1.0 billion to $2.0 billion in the fourth quarter.

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BP Reports Second Highest Profit In A Decade - BBC

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Feb 6, 2024 · Energy giant BP has reported its second highest annual profit in a decade, despite it being half the level it announced in the previous year. Profits were $13.8bn (£11bn) in 2023, …

bbc.com

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BP Shares Rise 5% After British Oil Giant Announces Plans To ... - MSN

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BP said it's fourth-quarter results reflected strong gas trading and "significantly lower" industry refining margins. Net debt for the period stood at $20.9 billion at the end of the 2023 ...

msn.com

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BP Profit Slumps To Near Four-year Low As Oil Demand Sags - Yahoo …

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Oct 29, 2024 · LONDON (Reuters) -BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil …

yahoo.com

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BP Profit Slumps To Near Four-year Low As Oil Demand Sags

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Oct 29, 2024 · BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.

reuters.com

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BP Beats Forecasts Despite Seeing 31% Drop In Profits, To Lowest …

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Oct 29, 2024 · The energy giant held its dividend at 8 cents per share and vowed to buy back another $1.75 billion worth of shares from shareholders, in line with plans to buy back $3.5 …

morningstar.com

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Exclusive: BP Abandons Goal To Cut Oil Output, Resets Strategy

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Oct 7, 2024 · When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly growing renewables by 2030. BP scaled back the target in …

reuters.com

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Exclusive-BP Drops Oil Output Reduction Target In Strategy Reset ...

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Oct 7, 2024 · BP scaled back the target in February last year to a 25% reduction, which would leave it producing 2 million barrels per day at the end of the decade, as investors focused on …

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FAQs about BP on track for best day since February as oil giant announces … Coupon?

How did BP perform in the fourth quarter of 2020?

The results were the weakest since the fourth quarter of 2020, when profits collapsed during the pandemic. BP's oil and gas production rose by 3% from a year earlier to 2.38 million barrels of oil equivalent per day (boed), helping to offset a drop in refining margins and weaker oil trading. ...

Why did BP stock rise 6% on Tuesday?

Shares of BP rose 6% on Tuesday after the oil giant accelerated the pace of its buybacks and increased its dividend, despite a drop in annual profit. The energy major increased the pace of its share repurchases, announcing intentions to execute a $1.75 billion share buyback prior to reporting first-quarter results. ...

How did BP perform in the third quarter?

BP announced its lowest quarterly profit since the Covid-19 pandemic as lower oil prices and weak refining margins weighed on its performance. The FTSE 100 energy major made underlying profits of $2.27bn in the third quarter, beating average analyst estimates of $2.05bn. ...

How did BP perform in Q4?

BP said it's fourth-quarter results reflected strong gas trading and "significantly lower" industry refining margins. Net debt for the period stood at $20.9 billion at the end of the 2023, compared with $21.4 billion at the end of 2022. ...

Why did BP make a record profit in 2022?

Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030. The company's profits more than doubled to $27.7bn (£23bn) in 2022, as energy prices soared after Russia invaded Ukraine. ...

Why did BP's oil & gas production rise 3%?

BP's oil and gas production rose by 3% from a year earlier to 2.38 million barrels of oil equivalent per day (boed), helping to offset a drop in refining margins and weaker oil trading. Higher natural gas prices further boosted earnings, although gas trading was average in the quarter, BP said. ...