BP : Q2 2020 results in line – 50% dividend cut deeper than expected
>Results almost in line – dividend cut deeper than expected - Adjusted EBIT came in at -$ 7,449m and 4.3% below consensus (ODDO BHF: -$ 8,698m, consensus: -$ 7,780m).The group incurred a net adjusted loss of -$6,682m and 1.3% above the consensus (ODDO BHF: -$ 7,568m; consensus: -$ 6,770m). Effective tax came in at 9% vs 55% in Q1 2020.Upstream: adjusted EBIT came in at -$ 8487m, in line with ODDO BHF and below the consensus (ODDO BHF -$ 8,468m; consensus -$...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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