BP (NYSE:BP) has become the latest oil refining major to warn of lower profitability in the latest quarter amid an ...

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

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

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

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

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

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

Shell disclosed a near one-third reduction in refining profit margins for the third quarter this Monday, with waning global ...

Weak refining margins and weaker oil trading results are expected to dent BP’s third-quarter profit, the UK-based supermajor ...

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

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 ...

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