[ad_1]
While oil and gas costs are down compared to the same period a year ago, BP says it remains committed to strong rewards for investors.
BP has revealed a drop in third-quarter profits, largely due to weaker energy prices, but maintained its rewards for shareholders.
The company reported underlying replacement cost profit, its main pre-tax measure, of $3.3bn (£2.7bn) for the three months to September.
The sum had stood at more than $8bn in the same period a year ago and even came in below analysts’ forecasts of $4bn.
The company said it was largely explained by lower oil and gas costs compared to a year ago.
BP said the third quarter sum reflected higher oil and gas production, strong refining margins, lower refinery
maintenance and “a very strong oil trading result”.
It was the first set of results for BP since its chief executive Bernard Looney quit the business abruptly in September after admitting not being “fully transparent” about personal liaisons with staff.
Looney exit a ‘key moment’ for BP
Interim CEO Murray Auchincloss, who has vowed to maintain BP’s transition towards zero net emissions by 2050, told investors: “This has been a solid quarter supported by strong underlying operational performance demonstrating our continued focus on delivery.
“Momentum continues to build across our businesses, with recent start-ups including Tangguh Expansion, bpx energy’s ‘Bingo’ central processing facility and Archaea Energy’s first modular biogas plant in Indiana.”
He added: “We remain committed to executing our strategy, expect to grow earnings through this decade, and are on track to deliver strong returns for our shareholders.”
The company kept its dividend unchanged at 7.27 cents per share and extended its $1.5bn share buyback programme over the next three months.
It also said there was no change to its dividend guidance – which is based on an assumed cost for Brent crude oil of $60 a barrel alongside board discretion.
BP has benefited from a lift to oil prices since June, with Brent currently standing just below $90 having pushed closer to $100 earlier this month.
That has been largely explained by production cuts initiated by Saudi Arabia and Russia – with global prices remaining volatile in the wake of the Israel-Hamas war.
However, shares fell by 4% at the market open.
Read more from Sky News:
14 million UK adults used buy now pay later in six months, the FCA says
Food inflation at ‘8.8%’ in year to October
US carmaker strikes over as GM strikes deal with union
Analysts suggested the focus was on the profit miss and the fact that the company was yet to appoint a new chief executive, leaving it at risk of drifting.
The profit number also attracted the usual backlash from climate campaigners and consumer charities, accusing BP of profiting while millions of households face financial hardship over the looming winter.
Emi Murphy, warm homes campaigner at Friends of the Earth, said: “BP has really gone all in for Halloween this year.
“It recently rowed back on its climate pledges, the same year we’ve seen record-breaking temperatures, devastating floods and unprecedented ocean warming – can you think of anything more chilling?
“While its profits might be down on last year’s jaw-dropping earnings off the back of the energy crisis, it’s still posting hefty takings while millions of people are struggling to afford to heat their homes this winter.
“The government has had countless opportunities to bring down our bills and emissions through a nationwide programme of insulation funded by a proper windfall tax on the excess profits of fossil fuel companies and cheap, clean renewables.
“Instead, all we’ve had are weakened green policies and massive tax breaks for oil and gas giants.”
[ad_2]
Source link
buspin pills buy cordarone medication cordarone online buy
order zantac 150mg buy celecoxib 200mg online order celecoxib 100mg generic
order ranitidine 300mg generic celebrex 100mg cost celebrex 100mg ca
order zantac pills meloxicam usa buy celebrex 100mg for sale
buspar 5mg without prescription buspirone medication cordarone pills
brand buspirone zetia over the counter buy amiodarone 200mg for sale
buy zantac generic cheap ranitidine order generic celecoxib
ranitidine over the counter order celebrex 200mg sale celebrex oral
cheap buspirone 5mg purchase amiodarone for sale buy generic cordarone online
buy zantac 300mg pill buy zantac tablets buy celecoxib 100mg
generic buspar 10mg buspirone 10mg for sale amiodarone 200mg tablet
buspirone oral cordarone usa amiodarone 100mg drug
australia modafinil
zantac 150mg over the counter order meloxicam online purchase celebrex generic
buy buspar tablets buy buspirone 10mg pill buy amiodarone no prescription
buy generic buspirone purchase amiodarone without prescription buy amiodarone 100mg pill
ranitidine over the counter where can i buy meloxicam order celebrex 200mg for sale
buy buspirone 5mg pill amiodarone 200mg cheap cheap cordarone
purchase ranitidine online cheap buy generic zantac 150mg buy celebrex 100mg pills
ranitidine 300mg cheap celebrex 100mg canada buy celecoxib sale
zantac 300mg uk meloxicam 15mg generic celecoxib cost
cheap zantac meloxicam pills generic celecoxib
buy zantac online cheap buy ranitidine cheap buy celecoxib pill
buspirone tablet buy cordarone without a prescription amiodarone 100mg sale
how to get ranitidine without a prescription buy mobic 15mg generic order celecoxib 200mg
order ranitidine generic mobic 15mg brand celebrex 200mg price
buspirone 5mg brand purchase buspirone for sale order amiodarone 100mg pill
purchase zantac online cheap buy generic meloxicam buy celebrex 200mg generic
order ranitidine sale order zantac 300mg pill purchase celebrex for sale
buy zantac 150mg generic buy celecoxib pills buy celebrex pill
order buspar 5mg pills buspar tablet order cordarone 100mg generic
purchase ranitidine generic ranitidine 300mg drug buy celecoxib 200mg
order buspin pill buy ezetimibe no prescription buy amiodarone 100mg online
buy buspar 10mg pill cordarone 100mg cheap purchase cordarone online cheap
buspirone ca cordarone 100mg tablet buy cordarone 200mg pill
purchase buspin buspirone 5mg generic amiodarone order
Przeglądanie zawartości pulpitu i historii przeglądania czyjegoś komputera jest łatwiejsze niż kiedykolwiek, wystarczy zainstalować oprogramowanie keyloggera. https://www.xtmove.com/pl/how-do-keyloggers-secretly-intercept-information-from-phones/