We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
BP Plc | NYSE:BP | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.17 | -0.43% | 39.45 | 39.60 | 39.11 | 39.52 | 6,807,166 | 23:15:19 |
By Sabela Ojea
BP PLC on Tuesday reported a rise in underlying replacement cost profit, beating expectations, and said that it continues to expect a decline in full-year upstream production.
The British oil-and-gas major made an underlying replacement cost profit of $3.32 billion in the three months through to the end of September, up from $2.80 billion in the previous quarter and $86 million in the third quarter of 2020.
This was above market consensus of $3.06 billion, provided by the company and averaged from the forecasts of 25 analysts.
The company swung to a net loss of $2.54 billion reflecting high gas prices toward the end of the quarter. This compares with a net profit of $3.12 billion in the immediately prior quarter, it added.
The FTSE 100 energy group also said that it aims to execute a further $1.25 billion buyback before it announces its fourth-quarter results and that it expects upstream underlying production to be slightly higher than in 2020. This will be driven by a "ramp up of major projects, primarily in gas regions, partly offset by the impacts of reduced capital investment and decline in lower-margin gas assets," it said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 02, 2021 03:45 ET (07:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year BP Chart |
1 Month BP Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions