Reported 19 days ago
In its Q3 trading update, BP forecasts increased upstream production and improved refining margins compared to the previous quarter. They expect higher gas output from their U.S. operations, although oil trading results could be weak with modest asset impairments predicted. Refining margins rose sharply, while reported upstream production is set to increase, aided by both oil and gas contributions. Despite challenges such as unplanned downtime and compliance costs in its operations, BP maintains its full-year capital expenditure guidance and projects net debt will remain stable.
Source: YAHOO