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BP warns Q3 profit set to take a hit
BP warns of weaker refining margins, higher debt in Q3 amid demand slowdown
BP (NYSE:BP) has become the latest oil refining major to warn of lower profitability in the latest quarter amid an industry-wide slowdown in fuel demand. The U.K. oil and gas company said it now expects broadly flat production across upstream operations,
BP says weak refining margins to dent Q3 profit as fuel demand stalls
By Arunima Kumar LONDON (Reuters) -Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP's third-quarter profit by up to $600 million, the British oil major said on Friday.
BP warns Q3 profit set to take a hit as fuel demand stalls
STORY: BP warned Friday (October 11) that its third-quarter profit will take a hit of up to $600 million.It blamed weak refining margins due to a slowdown in global demand for fuel and lower oil trading results.
2d
BP Forecasts Mixed Q3 2024 Financials
BP (BP) has released an update. BP p.l.c. has released its trading statement for Q3 2024, revealing expectations of flat ...
3d
BP Now Sees Q3 Upstream Production To Be Broadly Flat Sequentially
(RTTNews) - British energy major BP Plc (BP.L, BP_UN.TO, BP) Friday said it now expects Upstream production in the third quarter to be broadly flat compared to the prior second quarter. Production ...
Upstream
5h
Aker BP reports third-quarter production drop
Norwegian major Aker BP saw its net production drop by 6.7% in the third quarter to 414,700 barrels of oil equivalent per day ...
worldenergynews.com
3d
BP warns that weak margins in refining will hit Q3 profits
BP has said that a decline in the refining margins will reduce its third quarter profit by $400 to 600 million dollars compared ...
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