Monday, December 23

Tag: UK:BP

Iran-Backed Forces Widen Their Attacks on Commercial Shipping
25Dec By adminNo Comments
World

Iran-Backed Forces Widen Their Attacks on Commercial Shipping

Updated Dec. 25, 2023 2:29 pm ETEscalating Iran-backed attacks against global commercial shipping in the Red Sea have heightened pressure on the Biden administration as officials scramble to protect trade while trying to avoid a direct confrontation with Tehran.The U.S. Navy said late Saturday that two more vessels had been attacked that day by Iranian-backed Houthi forces in Yemen, bringing the number of commercial ships attacked near a crucial passageway between the Horn of Africa and the Middle East to 15.  The Pentagon said earlier in the day that a chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran, a claim Tehran denied.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Energy & Utilities Roundup: Market Talk
31Oct By adminNo Comments
World

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0802 GMT – BP reported weak 3Q numbers, with a large miss to net income, partly driven by weaker gas trading, RBC Capital Markets analyst Biraj Borkhataria writes in a research note. “This may come as a surprise given commentary from peers, however notably, BP has reported exceptional gas trading results on several occasions in the last couple of years, including last quarter,” he says. Despite some solid indicators segmentally, earnings missed across all divisions, he says, adding that the downstream, customers and products business reported $2.1 billion in underlying replacement cost profit before interest and taxes versus consensus of $2.4 billion despit...
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BP Profit Rose on Higher Refining Margins, Strong Oil Trading
31Oct By adminNo Comments
World

BP Profit Rose on Higher Refining Margins, Strong Oil Trading

Updated Oct. 31, 2023 3:51 am ETBP said its third-quarter profit rose on quarter, benefiting from higher realized refining margins and oil and gas production, although it missed expectations.The British oil-and-gas major said Tuesday that it made an underlying replacement cost profit—a metric similar to net income that U.S. oil companies report—of $3.29 billion in the three months to the end of September, up from $2.59 billion in the preceding quarter. This missed an averaged analysts’ forecast compiled by the company of $4.01 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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