BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...

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 p.l.c. (NYSE:BP) shares are trading lower on premarket on Friday. The company disclosed updated third-quarter guidance.

BP warned that weaker refining margins will hit third-quarter earnings by $400 million to $600 million as lower oil prices ...

Shell ( SHEL) and Exxon Mobil ( XOM) have also warned of lower profitability amid a slide in oil product trading and oil ...

Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP's third-quarter ...

BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...

Weak refining margins are expected to hit BP (NYSE:BP)'s third-quarter result by as much as $600 million, underlining the impact of slowing fuel demand and a dip in oil trading returns at the energy ...

Both Shell and Exxon Mobil have also warned that lower refining margins will hit profits for the third quarter of the year.

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 ...

BP anticipates that its net debt at the end of the third quarter will be higher, primarily due to weaker refining margins and ...

BP has forecast “broadly flat” oil and gas production in the third quarter, alongside a hit to profit from falling refining ...