BP : Q3 results beat expectations by 10.7% and reassure on the SBB
>A robust cash generation supporting a dividend increase and confirmation of the SBB - Adjusted EBIT came in at $ 5.22bn, 10.7% above the consensus (ODDO BHF: $ 4.62bn, consensus: $ 4.72bn). The group generated net adjusted profit of $ 2.26bn, 10.6% above estimates (ODDO BHF: $ 1.89bn; consensus: $ 2.05bn) and down 17.7% q-o-q with an effective tax rate of 42%. Results by division were as follows:Gas and low carbon was the pleasant surprise and came in at $ 1.75...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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