BP : Results beat forecasts but questions on the future of share buybacks and higher debt
>Q3 results 10% above forecasts thanks to gas and low carbon - EBIT was 10.7% above the consensus but down 17.7% q-o-q, one of the weakest performances since the pandemic. Adjusted net profit was also 10.6% above forecasts with the effective tax rate at 42% as expected. Earnings at the gas and low carbon activity provided the positive surprise of the quarter, up 25.2% on a sequential basis and 16% above forecasts, benefiting from higher realised prices and lower amor...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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