BP Stock Drops

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 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.
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 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 activity is also set to have a higher impact for the fourth quarter compared to the third quarter.
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.
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and ...
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 ...
Warning to UK motorists over 'contaminated' fuel from major BP petrol station
Motorists have been issued an urgent warning after dozens of drivers said their cars broke down after they visited a popular ...
BP projects 44% jump in oil output from India's largest field, ONGC says
Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its ...
Stocks to Watch Tuesday: MicroStrategy, Angi, BP
Shares of the crypto-buying software company rallied ahead of the open, as bitcoin prices recovered. Shares of crypto exchange Coinbase (COIN) also rose. ↗️ [*Angi (ANGI) ...
BP Executes Share Buyback Program to Enhance Shareholder Value
BP announced a series of share buyback transactions under the authority granted by shareholders during the 2024 Annual ...