BP shares down 4% after third-quarter profit plummet
Publishing timestamp: 2023-10-31 07:16:04
Summary
BP reported a sharp decline in profits, missing analyst estimates, but saw growth from the previous quarter due to strong results in oil trading and higher refining margins. The company is currently being overseen by an interim CEO after the abrupt departure of the previous CEO. BP also announced a share buyback and provided outlook on production restrictions and oil prices.
Sentiment: MIXED
Tickers: BP.-LN,
Keywords: breaking news: europe, business news, business, earnings, energy,