BP : Q1 earnings much higher than expected – Green light for the share buyback
>Big beat at the EBIT and net profit levels - Q1 2021 adjusted operating profit came to $ 4.7bn, up +385% q-o-q/+96% y-o-y, 30% higher than forecast. Adjusted net profit was $ 2.6bn, 60% higher than the consensus, driven by the rise of Brent, trading and better refining margins.Upstream boosted by marketing and trading - In its new reporting framework, the group now reports gas & low carbon energy and oil production & operations separately. The fo...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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