BP : Solid set of Q1 results, BP makes good on its promises and revises up its share buybacks
>Q1 results 22% higher than forecast - - Adjusted EBIT came in at $ 10,209m, 22% ahead of expectations, with a pleasant surprise in the form of adjusted net income of $ 6,245m, 39% ahead of our expectations and the consensus despite the fact that these figures no longer include Rosneft. BP has effectively stopped reporting on Rosneft, which will be treated as an asset pending its eventual disposal. The group also revised up its tax rate guidance from 35% to 40% in 2022. ...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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