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The move comes after BP's share price slumped more than 10% in 2024. BP has struggled in recent years as it attempts to balance its core businesses, like oil and gas, with renewable energy.
BP PLC (NYSE:BP) shares are trading lower after the company reported third-quarter results. Sales and other operating revenues came in at $47.254 billion, missing the consensus of $52.557 billion.
During the quarter, BP reported an underlying replacement cost profit (a measure closely watched by analysts) of $1.17 billion, significantly below the $2.99 billion reported a year earlier ...
BP's net income fell to $8.9bn (£7.2bn) in 2024, down from $13.8bn the previous year. It said lower oil and gas prices, plus lower profits from its refineries, had dented how much money it had made.
Profit margins are expected to rise. ... "We estimate net margins will expand by 78 bp to 12.3% in 2025 followed by a further 35 bp increase to 12.6% in 2026. Our economists assume the Trump ...
The 45-bp rise in Treasury yields in the last two months has pushed the dollar to its highest since November 2022 against a basket of currencies. Sterling has been particularly hard hit, down 4.4% ...
It brought in $13.8 billion for all of last year, a huge drop from the $27.7 billion it earned in 2022, when Russia's war in Ukraine sent oil and natural gas prices surging.
Higher production and commodity price realizations aid BP's earnings in Q3. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways ...