BP : Q4 2020 results well below forecasts, convincing the market will take time
>EBIT and net income fall short of expectations - Q4 2020 adjusted EBIT came in at $ 968m, -22% q-o-q/-77% y-o-y and 31% below forecasts. Adjusted net income was also uninspiring, at $ 115m, respectively 59% and 69% below our expectations and those of the consensus. E&P: only the best projects will remain in the portfolio - E&P adjusted EBIT came to $ 697m, -20% q-o-q, despite higher oil and gas prices. The division was impacted by the drop in produ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.