BP : Q2 results better than expected, reassuring cash generation
>Net profit 3% ahead of expectations - Operating profit came in at $ 5.403bn in Q2 2018, i.e. 3.2% higher than expected (Oddo BHF $ 5.041bn; consensus $ 5.234bn), having surged by +15.5% q-o-q/+149% y-o-y. Adjusted attributable net profit beat the consensus by 3% at $ 2.822bn, boosted by Rosneft.Upstream: positive momentum and a shrewd acquisition in shale - Operating profit amounted to $ 3.508bn, +11% q-o-q and 1.4% above the consensus. The unit mar...Bpost is engaged in the provision of national and international mail and parcels services comprising the collection, transport, sorting and distribution of addressed and non-addressed mail, printed documents, newspapers and parcels. In addition, through its subsidiaries and business units, Co. sells a range of other products and services, including postal, parcels, banking and financial products, express delivery services, document management and related activities. Co. operates through two business units: the Mail & Retail Solutions and the Parcels & International.
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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