BP PLC's (LSE:BP.) updated guidance ahead of its third-quarter results was not entirely clear but debt continues to be a "large concern", said analysts, and suggests share buybacks may need to be cut back.
BP PLC (LSE:BP.) expects stronger upstream and refining performance in the third quarter of 2025, though oil trading results are likely to be weak.
Third-quarter upstream production is expected to rise from the previous quarter. The company also anticipates a boost of up to $400 million from higher refining margins.
BP expects its upstream production to be above last quarter's, the company said in a trading update on Tuesday ahead of results due on November 4, adding that its oil trading result was weak.
BP PLC (LSE:BP.) has scored an unexpected legal victory that adds fresh momentum to its turnaround story.
BP (BP) closed at $34.52 in the latest trading session, marking a -1.29% move from the prior day.
BP (BP) closed the most recent trading day at $33.86, moving 1.74% from the previous trading session.
In the most recent trading session, BP (BP) closed at $35.69, indicating a +1.22% shift from the previous trading day.
BP p.l.c. - Special Call Company Participants Spencer Dale - Group Chief Economist Gareth Ramsay Aisha Dhaliwal Presentation Spencer Dale Group Chief Economist Welcome, everyone. I'm Spencer Dale, BP's Chief Economist.
Oil's twilight may be further away than expected. BP PLC (LSE:BP.
BP has stopped work on its Rotterdam biofuels plant, a company spokesperson said on Monday, marking the latest in a string of abandoned biofuels projects by oil companies such as BP and Shell in the face of weak demand.
In the closing of the recent trading day, BP (BP) stood at $34.76, denoting a +1.97% move from the preceding trading day.