Report
Ahmed Ben Salem

BP : BP announces a clear strategy in renewables – cut to the dividend but the new payout policy is reassuring

>Results a shade above forecasts - The Q2 2020 adjusted operating result came to -$ 7.449bn, 4.3% higher than forecast, and the adjusted net result of -$ 6.682m was 1.3% higher than the consensus. Results by division were in line with expectations on the whole with a positive surprise in downstream thanks to trading, as at rivals. BP booked $ 16.6bn in charges after tax, in line with the guidance of $ 131e17.5bn split between $ 8.5bn in impairment charges and $ 8.1bn i...
Underlying
BP p.l.c.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

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