BP : Q3 results higher than expected but it takes time to convince the market in a volatile environment
>Nice surprise on EBIT, slightly positive net result - Q3 2020 adjusted operating profit came to $ 1.241bn, -7% y-o-y, 100% higher than forecast. The adjusted net result was slightly positive at $ 86m but remained weak. E&P: reduction in charges but outlook still volatile - Adjusted operating profit in E&P came to $ 878bn, down 59% y-o-y and 158% above the consensus. The division benefited from a sequential recovery of 45% in oil prices and 16% in n...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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