BP : Q4 results slightly short of expectations – very nice surprise on the dividend and renewed interest in hydrocarbons
>Q4 results slightly short of expectations - Adjusted EBIT came to $ 9.3bn, 2.4% ahead of expectations with a slight disappointment on adjusted net income which came in 4.6%, short of the consensus at $ 4.8bn following the tax hike in the UK. In oil production & operations, net income came to $ 4.428bn, 3.5% ahead of expectations with a decline in the oil price but also production cost control, with costs down 11% y-o-y at $ 6/b and stable production (it is set to rem...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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