Shell profits fall to $6bn in the third quarter but beat forecasts [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
The company's adjusted earnings fell by 4% on the second quarter from nearly $6.3bn and were down from $6.2bn compared to the third quarter of 2023. However, the figures beat analyst expectations of a $5.36bn profit, according to Reuters Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $16bn in the third quarter, down 5% from $16.8bn in the previous three months and $16.3bn for the same period last year. Shell attributed the dip in earnings to lower refining margins, lower realised oil prices and higher operating expenses. Read more: Budget hikes taxes by £40bn as NI for employers and capital gains tax raised The oil giant announced a share buyback programme of $3.5bn and a dividend of $0.344 per share for the third quarter. In a third quarter trading update released earlier this month ahead of the full results, Shell said it expected indicative refining margins to fall to $5.5 a barrel, down from $7.7 in the second quarter, represent
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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
- Oil giant Shell posts small drop in third-quarter profit to $6 billion, beating expectations [CNBC]CNBC
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