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An update from BP ( (BP) ) is now available.
On January 14, 2025, BP released its fourth-quarter 2024 trading statement indicating lower upstream production compared to the previous quarter, with impacts on oil and gas segments. The company expects non-cash charges and anticipates a favorable impact in gas realizations but an unfavorable one in oil due to price lags. Net debt is projected to decrease following divestments and bond issuance. The results are anticipated to include significant post-tax impairments, and an updated full-year tax rate is expected to be higher due to a shift in the geographical mix of profits.
More about BP
BP p.l.c. is a major global energy company engaged in oil production, gas and low carbon energy, and customer and product services, with a focus on diversifying into low carbon energy solutions.
YTD Price Performance: 4.31%
Average Trading Volume: 9,870,080
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $82.07B
Learn more about BP stock on TipRanks’ Stock Analysis page.
