Activist investor calls for heads to roll at BP
The firm has lagged UK rival Shell and US oil giants Chevron and ExxonMobil, which have doubled down on profitable fossil ...
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 ...
BP issues earnings warning as weaker refining margins take their toll
Oil and gas giant BP has issued a profit warning ahead of the release of its third-quarter (Q3) results, after announcing ...
BP says weak refining margins to dent Q3 profit as fuel demand stalls
BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...
BP warns weak refining margins will dent Q3 earnings
Investing.com -- Weak refining margins are expected to hit BP (NYSE: BP )'s third-quarter result by as much as $600 million, ...
Oil giant BP’s refining business sees lower margins as global oil demand stalls
BP expects a slump in refining margins to take a $400m (£306m) to $600m (£459m) chunk out of its third-quarter profit.
BP warns of earnings hit from weak refining margins
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 ...
Exclusive-BP Drops Oil Output Reduction Target in Strategy Reset, Sources Say
LONDON (Reuters) -BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the ...
energyintel4d
Our Take: BP, Back to Petroleum?
BP's commitment to cut production looks shakier than ever amid reports it will retire its plans to reduce oil and gas output ...
Hydrocarbon Processing4d
bp abandons goal to cut oil output, resets strategy
bp has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of ...
Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise
BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be ...
oilandgasmiddleeast4d
bp abandons 2030 oil output cut as CEO scales back energy transition
Middle East and the Gulf of Mexico to boost its oil and gas production. bp abandons 2030 oil output cut as CEO scales back ...