Profile
Sector:
EnergyIndustry:
Oil & Gas IntegratedCountry:
United KingdomIPO:
03 January 1977Website:
http://www.bp.comNext earnings report:
N/ALast dividends:
09 August 2024Next dividends:
08 November 2024Price
after hours | Fri, 01 Nov 2024 23:57:59 GMTAnalysts recommendations
Institutional Ownership
BP Latest News
24/7 Wall St. Insights Spot oil dropped almost 7% after Israel did not target Iranian oil.
BP is taking the right steps to act like an oil company again, but more work is needed. Until investors see plans for volume growth, improved returns, and better capital allocation, they may continue to punish the stock. The shares are a Hold, at least until the company's strategy update in February gives us more information.
Jefferies reaffirmed its price target for BP PLC (LSE:BP.) at £5.40 (a 42% premium to the current share price), citing its commitment to balancing shareholder returns against financial prudence.
Start Time: 09:00 January 1, 0000 10:09 AM ET BP p.l.c. (NYSE:BP ) Q3 2024 Earnings Conference Call October 29, 2024, 09:00 AM ET Company Participants Murray Auchincloss - CEO Kate Thomson - CFO Craig Marshall - SVP and Head, IR Conference Call Participants Josh Stone - UBS Giacomo Romeo - Jefferies Irene Himona - Bernstein Biraj Borkhataria - RBC Doug Leggate - Wolfe Lydia Rainforth - Barclays Peter Low - Redburn Roger Read - Wells Fargo Chris Kuplent - Bank of America Ryan Todd - Piper Alastair Syme - Citi Kim Fustier - HSBC Martijn Rats - Morgan Stanley Matt Lofting - JPMorgan Paul Cheng - Scotia Bertrand Hodee - Kepler Craig Marshall Thank you everyone for joining BP's Third Quarter 2024 Results Call.
BP's Q3 earnings gain on increased liquids production volumes. However, revenues witness a year-over-year decline due to weaker refining margins.
BP PLC (LSE:BP.) scraped past forecasts in its third quarter, notes Jefferies with a comment that it will review the scope for buybacks reflecting the underwhelming tone of the statement.
Global refining margins are dismal as global oil demand growth remains below average due to sluggish economic activity in China, BP CEO Murray Auchincloss said on Tuesday.
BP (BP) on Tuesday posted third-quarter profit that fell well short of analysts' forecasts, dragged by weaker refining margins and oil trading.
Rival oil majors Exxon, Chevron, and Shell report later this week.
BP's profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline
What type of business is BP?
BP PLC is an oil and gas company engaged in the development of deposits, extraction, processing, transportation, and sale of oil, gas, and petroleum products. In addition, BP PLC develops solar energy and is involved in the production of petrochemicals. BP PLC owns oil refineries and petrochemical plants, a network of gas stations, and produces oils under the Castrol brand. The company has a division called BPSolar, which is engaged in the production and installation of photovoltaic elements. Before 2001, BP PLC was known as British Petroleum. The multinational oil and gas company was originally founded in 1909 under the brand Burmah Oil. The headquarters is located in London.
What sector is BP in?
BP is in the Energy sector
What industry is BP in?
BP is in the Oil & Gas Integrated industry
What country is BP from?
BP is headquartered in United Kingdom
When did BP go public?
BP initial public offering (IPO) was on 03 January 1977
What is BP website?
https://www.bp.com
Is BP in the S&P 500?
No, BP is not included in the S&P 500 index
Is BP in the NASDAQ 100?
No, BP is not included in the NASDAQ 100 index
Is BP in the Dow Jones?
No, BP is not included in the Dow Jones index
When was BP the previous earnings report?
No data
When does BP earnings report?
Next earnings report date is not announced yet