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 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 Stock Drops After Company Warns of Impairments of Up to $2 Billion in Q4
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 warns of fourth-quarter profit hit, postpones capital markets 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.
BP expects weaker Q4 2024 performance, reschedules capital markets day
BP expects lower production in the upstream segment in the fourth quarter (Q4) compared with Q3, affecting both oil production and operations and gas and low-carbon energy.
BP delays investor day after CEO's medical procedure, sees lower Q4 upstream production
BP (NYSE:BP) -1.3% pre-market Tuesday after saying Q4 results will be hurt by lower oil and gas production, refining margins and trading, while also delaying its investor day due to a planned medical procedure by CEO Murray Auchincloss.
BP warns of fourth quarter profit hit as production and refining margins fall
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. Since taking the helm a year ago,
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 ...
BP PLC ADR underperforms Monday when compared to competitors
BP PLC ADR closed $9.18 below its 52-week high ($40.40), which the company reached on April 12th.
New York City lawsuit against Exxon, BP, Shell over climate change dismissed
A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public ...
BP’s Resilient Financial Outlook and Strong Long-Term Production Potential Drive Buy Rating
Analyst Doug Leggate of Wolfe Research maintained a Buy rating on BP (BP – Research Report), with a price target of $50.00.Stay Ahead of the ...
BP beats Shell to win bid to operate ONGC’s Mumbai High fields
New Delhi, Jan 8 (PTI) BP Plc has won a bid to operate ONGC's giant Mumbai High oil and gas field by offering up to 60 per ...
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bp starts gas flow from GTA Phase 1 LNG project
PLC has begun flowing gas from wells at the Greater Tortue Ahmeyim Phase 1 LNG development offshore Mauritania and Senegal, to its floating production storage and ...
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KBR, BP sign three-year EPCM contract for projects worldwide
BAKU. Jan 14 (Interfax) - U.S. engineering and construction services giant KBR and BP International Limited, a division of UK oil and gas major BP plc , have signed a three-year global agreement for ...
ONGC picks BP arm to help ramp up Mumbai High production, sees 60% more output
While ONGC is focusing on 'unlocking the potential' of new hydrocarbon resources, it is also looking at 'enhancing' recovery from mature fields like Mumbai High, which remains a top priority for ...
ONGC Expects USD 10.3 Billion Revenue Increase Through BP Partnership in Mumbai High Field
ONGC anticipates a USD 10.3 billion revenue increase through a partnership with BP, enhancing oil and gas production in the ...
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BP Halts Shah Deniz Output After Pipeline Issue in Caspian Sea
BP halts production at its Shah Deniz Alpha platform in the Caspian Sea due to a pipeline issue, coinciding with Azerbaijan's ...