BP : Q2 2023 results significantly undershot expectations but the group surprised by increasing the dividend
>Q2 2023 results undershot expectations due to downstream activities… - EBIT and adjusted attributable net profit came in, respectively, 17% and 26% below expectations and down 39% and 48% q-o-q, which is a sharper decline than the sector average at around 29%. This unpleasant surprise stems mainly from the Customers and Products division, which came in 56% below the consensus. Half of this underperformance is attributable to lower refining margins, particularly for d...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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