BP : A good publication underpinned by a trading activity masked by a slowdown in cash generation and share buybacks
>Q1 results largely above forecasts primarily thanks to the trading activity - EBIT and adjusted attributable net profit both came in 16% above forecasts and up 3% q-o-q, beating the sector which was down by 19%. This welcome surprise was primarily due to the gas and low-carbon division which beat the consensus by 25% thanks to trading gains and a good performance in marketing. The group expects the price of gas and LNG to rise with an increase in demand in China and...BP is an integrated oil and gas group based in the United Kingdom. Co. is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. Co. operates globally, with business activities in Europe, the U.S., Canada, Russia, South America, Australasia, Asia and parts of Africa. Co. operates in two business segments: Exploration and Production - including oil and natural gas exploration and development and production; and Refining and Marketing- activities include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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