Shell ( SHEL) and Exxon Mobil ( XOM) have also warned of lower profitability amid a slide in oil product trading and oil ...

BP warned that weaker refining margins will hit third-quarter earnings by $400 million to $600 million as lower oil prices ...

BP said it expects the global slump in refining margins will see it take a $400 million to $600 million hit to its profits ...

BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...

However, weaker realized refining margins are expected to have a negative impact of $0.4 billion to $0.6 billion, and oil ...

Oil and gas giant BP has issued a profit warning ahead of the release of its third-quarter (Q3) results, after announcing ...

The oil giant also said it expects net debt to now come in higher, driven primarily by the impact of weaker refining margins.

Last quarter, BP warned about “significantly lower” refining margins, and Jefferies cut its consensus for earnings by about 20 per cent. It also took a hit of up to $1.5bn from a plan to scale back ...

BP anticipates that its net debt at the end of the third quarter will be higher, primarily due to weaker refining margins and ...

UK Supermajor BP is navigating a challenging market landscape, as it balances production stability with external pressures ...

BP has signalled a "broadly flat" oil and gas output forecast for the third quarter, whilst bracing for a squeeze on profits ...

BP expects a slump in refining margins to take a $400m (£306m) to $600m (£459m) chunk out of its third-quarter profit.