BP Stock Tanked Over 5% Despite Company Beating Q1 2023 Profit Expectations
Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022.
BP Sees Quarterly Profits Q3 2022, Records Tenth Successive Quarter of Lower Net Debt
BP was able to exceed analysts’ expectations in its Q3 2022 profits due to high commodity prices.
BP Reports 8-Year High Profits for 2021 Due to Rebounding Oil and Gas Prices
Following significant losses in 2020, BP saw massive profits in 2021, recording an annual of $12.85 billion.
Oil Giant BP Increases Dividend in Q2 Report Earnings, Plans $1.4 Billion Buyback
By
Tolu Ajiboye
British oil company BP rakes in profit in recent quarterly earnings as oil market recovers from pressure exerted by the pandemic.
BP Stock Slightly Up, BP Q1 Earnings Beat Analysts Estimates as Company Prepares for Stock Buyback in Q2
During the first three months of the year, BP reported that its net debt fell by $5.6 billion to $33.3 billion. Notably, the company hit its target of reducing net debt to $35 billion.
BP Stock Down 4% in Pre-market, BP Records over $5B Loss in 2020
BP CEO said that with the mass rollout of the vaccine, his firm had a positive outlook for the coming year.
BP Stock Down 4% Today as Company Lowers Oil Price Expectations to 2050
By
Tolu Ajiboye
BP stock price has lost some steam after the company put out a lowered outlook on Brent crude futures for the next 30 years.