BP, Q4

BP Stock Drops After Company Warns of Impairments of Up to $2 Billion in Q4
KEY TAKEAWAYS 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.BP also forecast "weaker" fourth-quarter refining margins.
BP Warns of Lower Oil, Gas Output in Q4 Update
BP p.l.c. (NYSE:BP) shares fell premarket on Tuesday after the company updated fourth-quarter guidance. The company expects upstream production to decline compared to the previous quarter, with decreases in both oil production and gas & low-carbon energy.
BP flags weaker Q4, delays February strategy update
The company’s update is another indication of a fourth-quarter fall in earnings for the world’s largest energy companies.
BP says drop in refining margins to dent Q4 profit
BP said on Tuesday that lower refining margins would hurt its fourth-quarter profit by $100 million to $300 million and that it expects oil trading to be weak. Global demand for gasoline and diesel has fallen short of expectations,
BP Warns of Weak Q4 Results and Delays Capital Markets Day
BP plc BP has cautioned investors about weak fourth-quarter results due to declining oil and gas production, reduced refining margins and trading setbacks. The company also revealed a delay in its highly anticipated investor day,
BP sees drop in Q4 upstream output, says CEO will be back in February
British oil major BP said on Tuesday that it expects its fourth-quarter upstream production to be lower than the third quarter. The forecast is due to lower output in oil production and operations, and in gas and low carbon energy.
The Times of Northwest Indiana3h
BP warns of weak fourth-quarter profits
BP is warning of weak fourth-quarter profits as a result of weaker production, refining margins and trading.
BP: The Citibank Of Oil
BP's focus on returning capital to shareholders is attractive, however, lower oil prices could impact the strategy. Read why ...
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation ...
Barclays Keeps Their Buy Rating on BP p.l.c. (BP)
Barclays analyst Lydia Rainforth maintained a Buy rating on BP p.l.c. (BP – Research Report) today and set a price target of £6.50. The ...
Crude Oil Prices1d
BP Expects Weak Oil Trading and Refining Margins to Reduce Q4 Profit
BP forecasts that weaker realized refining margins will dent the Q4 earnings by up to $300 million. Refinery turnaround ...
BP to boost oil output from India's largest field by 44%, ONGC says
BP (NYSE:BP) plans to increase oil production at India's largest field by 44% and gas production by 89%, state-controlled Oil ...
Scotiabank Sticks to Its Hold Rating for BP (BP)
In a report released today, Paul Cheng from Scotiabank maintained a Hold rating on BP (BP – Research Report), with a price target of $36.00.
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned today that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, ...
Why the BP share price fell 16% in 2024
Oil prices have been falling since April causing BP shares to do the same. But Stephen Wright thinks there’s much more to the ...
Pressure mounts on BP chief as investor patience wanes
In the five quarters Auchincloss has presided over since becoming interim chief executive in September 2023, BP has missed ...