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Bp revives profits second quarter new: Furthermore,
Bp revives profits second quarter:
Keystone-SDA
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BP announced Tuesday to reconnect with the profits in the second quarter. Furthermore. Consequently. Similarly, a dynamic which contrasts with that of the other oil majors and is partly explained by a decline in its exceptional charges compared to last year. Moreover. For example. – Bp revives profits second quarter – Bp revives profits second quarter new
(Keystone-ATS) The net profit of the British hydrocarbon giant reached $ 1.63 billion (1.31 billion francs) over the quarter. against a loss of 129 million bp revives profits second quarter new in the second quarter of 2024. he wrote in a press release. a bp bp revives profits second quarter new revives profits second quarter performance qualified by its Director General Murray Auchincloss of “Excellent quarter”, “both in terms of operational and strategic”.
However. these results are partly explained by the more moderate effect in the quarter of exceptional charges. which had inflated last year due to the volatility of liquefied natural gas prices (LNG), according to the company.
The adjusted result (excluding exceptional elements), intended to better reflect real performance, is also down almost 15% compared to last year.
BP’s dynamics contrast with that other oil majors. such as Totalnergies and the American Exxonmobil and Chevron, who have announced in recent days net profits in strong decline.
Only the British Shell had been able to have a very slightly increased profit in the second quarter.
Fall in prices. demand
The oil giants suffer from the bp revives profits second quarter new fall in gas. petroleum prices. but also the slowdown in demand in an unfavorable context, between trade war, climbing tensions bp revives profits second quarter new in the Middle bp revives profits second quarter East and the reopening of valves decided by OPEC+.
BP. which has just announced the upcoming appointment of the Irishman Albert Manifold at the head of his board of directors. has greatly disappointed the markets in recent years. fueling regular redemption rumors – still denied – notably by his British rival Shell.
The group gave up in February a climate strategy that was once ambitious to refocus on oil. gas, to the chagrin of environmental defense organizations.
The month preceded the abolition of several thousand jobs in the context of a multi -year cost reduction program.
Its director general Murray Auchincloss said on Tuesday that he plans to “carry out an in -depth exam” of the. activity portfolio. but also bp revives profits second quarter new “a new cost exam”.
BP’s action earned approximately 1.4% on the London Stock Exchange around 7:30 am GMT.
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Bp revives profits second quarter new
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