BP (NYSE:BP) has become the latest oil refining major to warn of lower profitability in the latest quarter amid an ...

BP p.l.c. (NYSE:BP) shares are trading lower on premarket on Friday. The company disclosed updated third-quarter guidance.

BP warned that weaker refining margins will hit third-quarter earnings by $400 million to $600 million as lower oil prices ...

BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...

BP said it expects the global slump in refining margins will see it take a $400 million to $600 million hit to its profits ...

The oil giant also said it expects net debt to now come in higher, driven primarily by the impact of weaker refining margins.

BP anticipates that its net debt at the end of the third quarter will be higher, primarily due to weaker refining margins and ...

BP has signalled a "broadly flat" oil and gas output forecast for the third quarter, whilst bracing for a squeeze on profits ...

BP expects a slump in refining margins to take a $400m (£306m) to $600m (£459m) chunk out of its third-quarter profit.

Last quarter, BP warned about “significantly lower” refining margins, and Jefferies cut its consensus for earnings by about 20 per cent. It also took a hit of up to $1.5bn from a plan to scale back ...

UK Supermajor BP is navigating a challenging market landscape, as it balances production stability with external pressures ...

BP followed sector rival Shell and said it expected a fall in third-quarter refining margins would hit operating profit by ...