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BP. Bp Plc

385.45
4.20 (1.10%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.20 1.10% 385.45 385.35 385.55 387.10 381.85 382.90 15,837,667 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.9368 4.12 62.02B

BP CFO Says Further Softness in Oil Price to Come

28/07/2015 11:31am

Dow Jones News


Bp (LSE:BP.)
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From Dec 2019 to Dec 2024

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By Sarah Kent

LONDON--The slump in oil prices isn't over yet, BP PLC's chief financial officer Brian Gilvary said Tuesday.

The company is positioning itself for a world in which oil prices remain "lower for longer," after the market tanked last June.

Though prices rebounded somewhat in the second quarter, they've fallen back in the last month after a nuclear deal with Iran raised the prospect of more supply in the coming months.

"We haven't yet seen the full affect come through," Mr. Gilvary said, noting that the Iranian barrels probably won't hit the market until next year.

Write to Sarah Kent at sarah.kent@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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