BP plc (BP) reported third-quarter 2024 adjusted earnings of 83 cents per American Depositary Share on a replacement-cost basis, excluding non-operating items. The figure beat the Zacks Consensus Estimate of 78 cents. The bottom line, however, declined from the year-ago reported figure of $1.15. Total quarterly revenues of $48.3 billion lagged the Zacks Consensus Estimate of $62.5 billion and declined from $54 billion reported a year ago. Better-than-expected quarterly earnings can be primarily attributed t ...

KEY TAKEAWAYSBP on Tuesday posted third-quarter profit that fell well short of analysts' forecasts, dragged by weaker refining margins and oil trading.It reported net profit of $206 million, a massive decline from last year's $4.86 billion and well below the $1.96 billion consensus estimate of analysts polled by Visible Alpha.BP booked an underlying replacement-cost (RC) profit of $2.27 billion, down from the $3.29 billion it reported a year ago and $2.76 billion last quarter, although it topped analysts' e ...

文章核心观点 - 公司正在大幅减少在可再生能源领域的投资,转而重点关注高利润的传统油气业务 [1][2][3] - 公司正在出售其在美国陆上风电业务和考虑出售其海上风电业务的少数股权 [1][2] - 公司正在减少在太阳能业务的投资,并将其在可再生能源领域的运营整合到其合资公司Lightsource BP中 [3] - 公司表示其实现2050年净零排放目标的雄心不变,但其实现25%油气产量减少目标的可行性受到质疑 [3][4] 公司层面 - 公司新任CEO在上任后就修改了之前的油气产量减少目标,从40%降至25% [1] - 公司暂停了新的海上风电项目投标 [1] - 公司正在出售其在美国陆上风电业务BP Wind Energy,该业务拥有10个运营中的风电资产,总装机容量1.7GW [2] - 公司正在考虑出售其海上风电业务的少数股权,该业务目前没有任何运营中的海上风电场,但拥有近10GW的项目管线 [2][3] - 公司去年就美国海上项目计提了11亿美元的减值 [3] 行业层面 - 公司正在减少在可再生能源领域的投资,转而重点关注传统油气业务 [1][2][3] - 公司正在减少在太阳能业务的投资,并将其在可再生能源领域的运营整合到其合资公司Lightsource BP中 [3] - 公司实现2050年净零排放目标的雄心不变,但其实现25%油气产量减少目标的可行性受到质疑 [3][4]

BP plc (BP) , a UK-based oil and gas giant, has inked a global frame agreement with the Subsea Integration Alliance, a partnership between SLB’s OneSubsea and Subsea7. As part of the agreement, the trio has decided to create a platform to effectively utilize their expertise in subsea projects across a range of future projects.Subsea7 and OneSubsea have highlighted that the partnership would enable them to bring cross-domain teams together to leverage their capabilities through the lifecycle of each project. ...

BP (BP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and gas company have returned -1.2%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Oil and Gas - Integrated - International industry, which BP falls in, has lost 2.4%. The key question now is: What could be the stock's future direction?While med ...

BP plc (BP) is set to report third-quarter 2024 earnings on Oct. 29.Let us delve into the factors that are anticipated to have affected this integrated energy major’s quarterly performance. However, before that, it would be worth reviewing BP’s performance in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Highlights of Q2 EarningsIn the last reported quarter, the company’s earnings of $1 per American Depositary Share on a replacement-cost basis (excluding non-ope ...

文章核心观点 - BP公司管理层已经放弃了之前将2019年产量减少25%的目标 [1] - 根据未具名消息源的报道,BP公司正在重新评估其减产目标 [1] 行业总结 - BP公司是一家大型石油公司,在全球范围内从事石油和天然气勘探、生产、炼油和销售业务 [1] - 2019年是BP公司的基准年,此前公司曾计划到2030年将产量减少25% [1] - 现在BP公司正在重新评估其减产目标,可能会放弃之前的25%减产目标 [1] 公司总结 - BP公司管理层已经放弃了之前将2019年产量减少25%的目标 [1] - 公司正在重新评估其减产目标,可能会调整之前的减产计划 [1]

文章核心观点 - 英国石油和天然气巨头BP正在缩减其可再生能源业务的扩张,将重点转回到化石燃料 [1][2][3] - BP计划出售其海上风电业务的少数股权,以减少与此类项目开发相关的大量投资 [1][3] - BP将继续投资其主要的海上风电项目,以及太阳能、生物燃料和低碳氢项目 [2] - BP正在重新评估其在海上风电领域的投资,因为该行业面临着成本上升和供应链问题等挑战 [4] - BP正在放弃其之前制定的雄心勃勃的绿色转型战略,将重点放在提高公司价值上 [5] 行业概况 - 海上风电行业近年来面临着成本上升和融资成本增加等挑战,导致多家公司重新考虑在该领域的投资 [4] - 作为能源行业巨头,BP正在审视其在海上风电领域的投资,并决定退出一些项目 [4] 公司动态 - BP计划出售其海上风电业务的少数股权,以减少资本投入 [1][3] - BP还计划退出其在美国陆上风电业务 [3] - BP之前制定的绿色转型战略受到了投资者的严格审查,导致公司利润受到影响 [2] - BP现在将重点放在提高公司价值上,而不是大幅减少碳排放 [5]

BP plc (BP) , the British energy giant, has cautioned that its third-quarter profits have taken a toll due to lower refining margins and sluggish oil demand. The energy giant also mentioned that the demand for crude appears to be stagnating, which might have weighed on its financials in the quarter. Weaker Refining Margins Lay Pressure on BP's Q3 Profits BP's refining margins are expected to drop $400-$600 million as compared to the prior quarter. Moreover, the company noted that oil trading performance is ...

BP (BP) closed at $32.11 in the latest trading session, marking a -0.71% move from the prior day. This move lagged the S&P 500's daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%. Coming into today, shares of the oil and gas company had gained 2.41% in the past month. In that same time, the Oils-Energy sector lost 2.26%, while the S&P 500 gained 5.36%. The upcoming earnings release of BP will be of great interest to investors. On that day, BP is projected ...