BP Misses Q3 Earnings Forecast On Weak Natural Gas Trading

Advertisements

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.

Discover more from Maheri Network

Subscribe now to keep reading and get access to the full archive.

Continue reading

Exit mobile version