BP : Q4 2023 earnings beat estimates - clarification on the strategy and improved cash return
>Q4 earnings beat forecasts, underpinned by gas trading - EBIT and attributable net profit were respectively 4.6% and 8% above the consensus and down 9.2% q-o-q. This positive surprise is due both to strong trading in gas and to improved production volumes. However, in customers & products, earnings were weak under the impact of a sharp decline in refining margins and refined volumes. For 2024, the group forecasts an increase in production, refining margins that rema...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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