BP says weak refining margins to dent Q3 profit as fuel demand stalls
BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...
BP Warns Of Weaker Refining Margins, Higher Debt: Details
BP p.l.c. (NYSE:BP) shares are trading lower on premarket on Friday. The company disclosed updated third-quarter guidance.
BP’s refining business sees lower margins as global oil demand stalls
Both Shell and Exxon Mobil have also warned that lower refining margins will hit profits for the third quarter of the year.
BP says lower refining margins will hit profits by up to $600 million
BP said it expects the global slump in refining margins will see it take a $400 million to $600 million hit to its profits ...
BP Third-Quarter Earnings Hit by Weak Refining Margins
BP warned that weaker refining margins will hit third-quarter earnings by $400 million to $600 million as lower oil prices ...
BP warns of weaker refining margins, higher debt in Q3 amid demand slowdown
Shell ( SHEL) and Exxon Mobil ( XOM) have also warned of lower profitability amid a slide in oil product trading and oil ...
BP says weak refining margins to dent Q3 profit
Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP's third-quarter ...
BP says weak refining margins to hit Q3 profit
BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...
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Rising costs, weaker production, lower refining margins eat into BP's third-quarter profit
BP anticipates that its net debt at the end of the third quarter will be higher, primarily due to weaker refining margins and ...
BP warns of earnings hit from weak refining margins
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 back ...