BP Misses Q3 Earnings Forecast On Weak Natural Gas Trading

October 31, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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BP (NYSE: BP) reported on Tuesday lower-than-forecast earnings for the third quarter as weak gas marketing and trading and a charge in offshore wind weighed on the results and couldn’t offset a strong oil trading business. BP said its underlying replacement cost profit – the metric closest to net profit – was $3.3 billion for the third quarter of this year, up from $2.6 billion for the previous quarter. The earnings, however, were well below the analyst estimate for the third quarter of $4 billion. Following the results…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

BP Misses Q3 Earnings Forecast On Weak Natural Gas Trading

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