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BP upbeat on production, cautious on prices
BP's share price rises after predicting higher first-quarter production, but lower gas prices and weaker margins weigh on outlook.
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Read the latest BP plc headlines, share price updates, opinions and analysis all in one place, on Investomania. + BP plc, listed on the London Stock Exchange under the ticker BP, is a British multinational oil and gas company.
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BP sticks to buybacks despite profit slide
UK oil major BP (LSE: BP) said Tuesday it is maintaining its commitment to return at least $14 billion to shareholders through share buybacks by 2025, despite reporting a 38% slide in fourth-quarter underlying replacement cost (RC) profit. BP shares rose 5.5% early Tuesday following the results statement. While
BP
BP shares slump as third-quarter profits dip
BP (LSE: BP) shares fell at the London open following a notable drop in third-quarter profits. Despite a rise in statutory pretax profit, the underlying replacement cost profit plummeted by 60% to $3.29 billion from $8.15 billion a year earlier. This decline, contrary to analysts’ expectations, caused BP