BP : Q3 2023 results largely below of expectations due to gas trading – share buybacks stabilised
>Q3 results well shy of expectations due to gas trading - EBIT and adjusted attributable net profit were respectively 20% and 18% below the consensus and 13% and 7% below our expectations, but up by 27% and 2% q-o-q. This bad surprise came mainly from the gas and low carbon division, which came in 42% below the consensus, with a poor contribution from trading, in contrast to previous quarters. This makes the group's exposure to trading increasingly difficult to predi...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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