BP warns of fourth-quarter profit hit, postpones capital markets …

1 day ago · Capital markets day postponed due to CEO medical procedure Weaker production, refining margins and trading to hit profit Shares down nearly 3% after underperforming peers …

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BP Warns Of Fourth-quarter Profit Hit, Postpones Capital Markets …

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1 day ago · Capital markets day postponed due to CEO medical procedure Weaker production, refining margins and trading to hit profit Shares down nearly 3% after underperforming peers …

reuters.com

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BP Shares Take A Hit On Profit Miss Even After Fresh $1.5 Billion ...

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Oct 31, 2023 · The stock was down 22p to 505p, a drop of over 4%. The payout stoked more public controversy and it came with the oil and gas giant looking for a full-time chief executive …

standard.co.uk

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BP's Shares Plunge As Weak Refining Margins And Oil Trading Bite

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Jul 9, 2024 · BP shares dropped after the company warned that it expects an impairment charge of up to $2 billion in the second quarter due to weak refining margins and oil trading performance. Refining margins ...

msn.com

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BP Shares Fall To Lowest Since 2022 After Sharp Drop In The Oil

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BP posted underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the July-September period. That beat analyst expectations of $2.1 billion, according to an LSEG ...

msn.com

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BP Profit Warning Q4 2024: BP Warns Of Fourth Quarter Profit Hit As ...

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1 day ago · BP said the drop in refining margins and a higher impact from turnaround and maintenance activity would result in a quarter-on-quarter drop in profit of up to $300 million, …

indiatimes.com

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BP's Q3 Profit Plunges To Four-year Low On Weak Refining, Oil

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BP (NYSE:BP) -4.5% in Tuesday's trading to its lowest in two years after reporting Q3 profit that edged past analyst forecasts but fell 30% Y/Y to the lowest since Q4 2020, hurt by weak oil …

msn.com

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BP Warns Of Fourth-quarter Profit Hit, Postpones Capital Markets Day

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20 hours ago · It said the drop in refining margins and impact of turnaround and maintenance activity could lead to an up to $300 million drop in profit quarter-on-quarter. The news sent BP …

marketscreener.com

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BP Shares Slide As First-quarter Profit Dips | CNN Business

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May 2, 2023 · Shares of BP fell more than 5% Tuesday after the energy giant said it would return less cash to investors following a drop in first-quarter profit. BP reported underlying profit of $5 …

cnn.com

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‘BP Has Clearly Underperformed’: Analysts React To Oil Giant’s Results

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Aug 1, 2023 · For the second quarter of the years BP posted net profits of $2.58 billion, a 69% drop from the same quarter of 2022, which stood at $8.45bn. ... The litmus test is share …

energyvoice.com

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BP Profits Slump As Faltering Demand Hits Refining Margins

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Oct 29, 2024 · BP reported an underlying replacement cost profit of 2.27 billion US dollars (£1.75 billion), beating analyst expectations but coming in lower than the 2.76 billion dollars (£2.15 …

yahoo.com

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BP Shares Suffer As Falling Oil Prices Curtail Profit

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May 2, 2023 · Despite falling profits, BP remained a highly cash-generative business and announced a further $1.75 share buyback and another quarterly dividend of 6.61 cents. …

ukinvestormagazine.co.uk

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BP Reported Massive Losses Today. Here’s Why I’d Buy It - Fool UK

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Nov 2, 2021 · Nonetheless, at $2.5bn, the loss looks significant. It is more than five times the loss seen in the same quarter last year. And that was during the height of Covid-19, when demand …

fool.co.uk

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BP Profits Slump To Lowest Level In Four Years As The Oil And Gas

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The energy giant’s third quarter earnings fell 30 per cent to £1.8billion – the lowest level in four years – amid a slowdown in global economic activity and oil demand, particularly in China.

msn.com

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JAN 14//LOS ANGELES FIRES ESCALATE//HOSTAGE DEAL …

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1 day ago · JD Sports shares slide as much as 13% after the sports retailer downgraded its full-year pretax profit guidance following a softer-than-expected fourth quarter trading update; BP …

harveyorganblog.com

FAQs about BP warns of fourth-quarter profit hit, postpones capital markets … Coupon?

What will BP expect from a drop in refining margins?

BP said the drop in refining margins and a higher impact from turnaround and maintenance activity would result in a quarter-on-quarter drop in profit of up to $300 million, while realisations in its oil production and operations unit could lead to a further reduction of $200 million to $400 million. It also expects a drop in upstream production. ...

Why did BP stock fall 5%?

A BP gas station on September 15, 2022 in Farmingdale, New York, United States. Shares of BP fell more than 5% Tuesday after the energy giant said it would return less cash to investors following a drop in first-quarter profit. BP (BP) reported underlying profit of $5 billion for the first three months of the year. ...

Why did BP delay a high-anticipated Investor Day?

BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly-anticipated investor day due to a medical procedure undergone by CEO Murray Auchincloss. ...

Will BP's profit fall in 4th quarter 2024?

BP warned on Tuesday that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three months. ...

Why did BP lose a third quarter?

BP’s profits tumbled by nearly one-third in the third quarter to £1.75 billion, as a slump in refining margins weighed on income at the energy giant. The FTSE 100 company reported that profits were down compared with the same period a year earlier as faltering global demand for oil hit its refining business. ...

How much did BP make in Q2 2023?

The energy firm posted underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the July-September period. That beat analyst expectations of $2.1 billion, according to an LSEG-compiled consensus. BP reported net profit of $2.8 billion for the second quarter of the year and $3.3 billion for the third quarter of 2023. ...