Oil giant Shell posts small drop in third-quarter profit to $6 billion, beating expectations [CNBC]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: CNBC
The energy company reported adjusted earnings of $6 billion for the July-September period, beating analyst expectations of $5.3 billion, according to estimates compiled by LSEG. Shell posted adjusted earnings of $6.3 billion in the second quarter and $6.2 billion in the third quarter of 2023. Shares of the London-listed firm have fallen around 3% year-to-date. Ahead of the firm's third-quarter earnings, Shell warned that refining profit margins had dropped by more than 28% on a quarterly basis, while trading results for its chemicals and oil products division were expected to be lower. British rival BP on Tuesday posted its weakest quarterly earnings in nearly four years, weighed down by lower refining margins. BP reported underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the third quarter. That beat analyst expectations — but reflected a steep drop when compared to the same period a year earlier. Oil prices tumbled over 17% in the th
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BP
News
- Navigating Activists And Hostile Takeovers: When To Engage, When To Defend [Forbes]Forbes
- Shell blames lower oil prices, weaker margins and ‘accounting mismatch' for slump in third-quarter profits [Fortune]Fortune
- Shell Maintains Buybacks as Gas Growth Offsets Weaker Oil [Yahoo! Finance]Yahoo! Finance
- Shell Maintains Buybacks as Gas Growth Offsets Weaker Oil [Yahoo! Finance Canada]Yahoo! Finance Canada
- Shell profits fall to $6bn in the third quarter but beat forecasts [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 10/29/24 - Form 6-K
- 10/29/24 - Form 6-K
- 10/11/24 - Form 6-K
- BP's page on the SEC website