BP says weak refining margins to hit Q3 profit | Reuters
WEB2 days ago · 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 says lower refining margins will hit profits by up to $600 million
WEB2 days ago · BP said a slump in its refining margins will see it take a $400 to $600 million hit to its profits in the third quarter. Photo: Ben Stansall/Agence France-Presse/Getty Images
BP’s refining business sees lower margins as global oil demand …
WEB2 days ago · BP. BP expects a slump in refining margins to take a 400 million dollar (£306 million) to 600 million dollar (£459 million) chunk out of its third-quarter profit. The oil major said it also ...
BP warns of earnings hit from weak refining margins - Financial …
WEB2 days ago · 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 ...
BP issues earnings warning as weaker refining margins take their …
WEB2 days ago · Ed Pearcey. Fri, Oct 11, 2024, 7:55 AM 1 min read. Oil and gas giant BP has issued a profit warning ahead of the release of its third-quarter (Q3) results, after announcing weaker margins at its ...
BP says weak refining margins to dent third-quarter profit as fuel ...
WEB1 day ago · Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP’s BP-N third-quarter profit by up to $600-million, the British oil major said on Friday.
BP Third-Quarter Earnings Hit by Weak Refining Margins — …
WEB2 days ago · Oct 11, 2024 8:27am. By Dominic Chopping. BP warned that weaker refining margins will hit third-quarter earnings by $400 million to $600 million as lower oil prices continue to weigh on the energy ...
BP shares dip after warning weak refining will hit Q2 profit
WEBJul 9, 2024 · Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down by over 4%.
BP warns profits likely to be lower than expected - Financial Times
WEBJul 9, 2024 · BP has warned that its profits are likely to be weaker than expected because of lower margins in its refining business and a drop in performance in its oil trading division.
BP warns weak refining margins will dent Q3 earnings - Yahoo …
WEB2 days ago · Investing.com -- Weak refining margins are expected to hit BP (NYSE:BP)'s third-quarter result by as much as $600 million, underlining the impact of slowing fuel demand and a dip in oil trading ...