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    Why are BP shares down 12 per cent this year?
    BP shares are down over 12 per cent this year to date. BP said it expects net debt to now come in higher, driven primarily by the impact of weaker refining margins. The oil giant also said it expects net debt to now come in higher, driven primarily by the impact of weaker refining margins.

    BP profit hit by weaker refining margins as ‘flat’ oil and gas production f…

    msn.com
    What happened to BP in 2022?
    The logo of the multi-national oil and gas company BP (British Petroleum) at a petrol station in Tonbridge, south east of London on April 30, 2022. 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 says lower refining margins will hit profits by up to $600 million

    marketwatch.com
    Why did BP come back?
    As the political pressure for delivering net zero targets mounted, BP soon came back for more. Bernard Looney, a new chief executive, was appointed to oversee a 40pc reduction in oil and gas output by 2030.

    BP is going back to what it knows best – and that is a good thing

    msn.com
    Will BP take a hit in third quarter profit?
    In a trading update, BP said it expected to take a hit of between $300m to $400m in third quarter profit due to a sharp drop in refining margins. Oil trading will also be weak, according to the firm.

    BP profit hit by weaker refining margins as ‘flat’ oil and gas production f…

    msn.com
    Will BP's latest attempt at managing expectations affect other big oil companies?
    BP’s latest attempt at managing expectations could have side effects for other big oil companies. London-based BP said Friday that its earnings for the quarter ending in September will take a hit of as much as $600 million from weaker refining margins. That follows a similar warning from rival Shell earlier this week.

    Exxon, Chevron Earnings Face This Risk After BP Profit Warning

    msn.com
    Will BP's third quarter results be published on October 29?
    The company now projects net debt at the end of the quarter to be higher, driven primarily by the impact of weaker realized refining margins and by the rephasing of around $1 billion of divestment proceeds into the fourth quarter. bp's group results for the third quarter are expected to be published on October 29.

    BP Now Sees Q3 Upstream Production To Be Broadly Flat Sequentially

    markets.businessinsider.com
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  3. Reuters
    https://www.reuters.com/business/energy/bp-drops...

    Exclusive: BP abandons goal to cut oil output, resets strategy

  5. bp global
    https://www.bp.com/en/global/corporate/news-and...

    Third quarter 2024 trading statement | News and insights | Home

  6. Yahoo Finance
    https://finance.yahoo.com/news/bp-scales-back...

    BP scales back its energy transition, abandons oil and gas targets

  7. Events of bp news
  8. CNBC
    https://www.cnbc.com/2024/07/30/bp-earnings-q2-2024.html

    BP beats profit expectations after warning of weaker oil refining

  9. Yahoo Finance
    https://finance.yahoo.com/quote/BP/news

    BP p.l.c. (BP) Latest Stock News & Headlines - Yahoo Finance

  10. bp global
    https://www.bp.com/en/global/corporate/…

    News and insights | Home - bp

    WEBFind press releases and speeches as well as news and feature articles on BP, our people and where and how we operate around the world.

  11. Financial Times
    https://www.ft.com/content/57e97c15-00d8 …

    BP promises to cut costs as profit misses forecast

    WEBMay 7, 2024 · BP promised to trim its costs by $2bn by the end of 2026 after its first-quarter profit fell by more than expected. “We are saying at least $2bn, we think it is a good start,” Murray ...

  12. Reuters
    https://www.reuters.com/business/energy/bp-beats-q...

    BP beats forecast with $3 billion quarterly profit, boosts buybacks

  13. bp global
    https://www.bp.com/en/global/corporate/…

    bp update on strategic progress | News and insights

    WEBFeb 8, 2022 · bp reports its full year results for 2021 and gives an update on its transformation to an integrated energy company. It aims to grow earnings through 2030, accelerate net zero ambition and invest in …

  14. Reuters
    https://www.reuters.com/business/energy/b…

    BP halts hiring, slows renewables roll-out to win over …

    WEBLONDON, June 27 (Reuters) - BP's (BP.L) new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor...