BP : Q3 2021 results beat estimates, share buybacks ramp up
>Results above estimates, guidance on tax lowered - Adjusted EBIT came in at $ 5.93bn, 2.8% ahead of estimates. Adjusted net profit stood at $ 3.32bn, 8.6% ahead of expectations with a lower tax rate of 35%, maintained over the year vs guidance of 40%.BP benefits from the rebound in gas - EBIT for the gas & low carbon division beat the consensus and was buoyed by a contribution from trading, not quantified but representing 2-3% of the group’s profita...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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