BP : Q3 2019 results ahead of forecasts but disappointing news on cash returns
>Earnings ahead of consensus forecasts - Adjusted operating profit came to $Â 4.532bn in Q3 2019, +12.2% q-o-q and -3.25% y-o-y, in line with our estimates and 7% above the consensus. Adjusted net profit came to $Â 2.254bn, 30.7% above the consensus, driven by the good contribution from Rosneft. E&P businesses affected by lower prices and volumes - Adjusted operating profit in E&P came to $Â 2.139bn, -37.3% q-o-q and -46.5% y-o-y, and 12% below forecasts...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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