BP : Q4 results a shade higher than forecast, focus on transition
>Q4 results slightly higher than forecast - - Adjusted EBIT was $ 7,049m, in line with forecasts with a slightly positive surprise on adjusted attributable net profit which came in 2.5% and 3.4% above our forecast and that of the consensus at $ 4,065m. In oil production & operations, earnings were $ 4,024m, well above estimates and benefiting from the high realisation price and a 3.4% increase in production to 1,358 kboe/d whilst in gas & low carbon the result was in line....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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