BP : Q2 results ahead of expectations with good cash generation. The group ups its dividend and reassures on the SBB
>Q2 net profit came in 8.5% higher than expected thanks to customers and a low tax base - EBIT came in 2.3% below the consensus, down 9% q-o-q. Net profit, on the other hand, was 8.5% ahead of expectations with an effective tax rate that was lower than expected. Gas and low carbon energy earnings were down 15.4% sequentially with trading results down compared with Q1. OP&O was lower than expected but stable sequentially, with the rise in Bent prices offset by higher...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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