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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-5.40 | -1.05% | 510.40 | 509.40 | 509.50 | 516.60 | 506.10 | 516.30 | 26,147,354 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.70 | 86.91B |
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.
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