BP : Q2 results ahead of expectations with solid cash generation
>Net profit 14.3% higher than forecast - Q2 2019 adjusted operating profit was $Â 5,160m, i.e. +7.6% q-o-q/-4.5% y-o-y and 5.3% above forecasts. Adjusted attributable net profit came to $Â 2.811bn, 14.3% higher than the consensus with an adjusted effective tax rate of 34%, lower than the guidance of 40% in 2019.E&P higher than expected aided by better production margins and trading - Adjusted operating profit came to $Â 3.413bn, +16.6% q-o-q/-2.7% y-o-y...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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