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

BP shares down in premarket after disclosing updated Q3 guidance, with oil production stable but 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 expects lower profits in Q3 due to weak refining margins, a weak oil trading result, and higher exploration write-offs.

Shell ( SHEL) and Exxon Mobil ( XOM) have also warned of lower profitability amid a slide in oil product trading and oil ...

BP announced today it was cutting around 1,000 jobs at a huge oil refinery. The company said the decision followed a 10-week review of the Grangemouth refinery and petrochemical complex in Scotland.

The London-based energy giant, whose BP Whiting Refinery is its largest refinery in the world, is selling a non-controlling stake in BP Pipelines TAP Limited, which holds a 20% share in Trans ...

The U.S.-based asset management company would become a non-controlling shareholder in BP's unit that holds a 20 ... from the Greek border with Turkey to Southern Italy. Trans Adriatic Pipeline ...

LONDON (Reuters) -Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also ...