Unlike its peers, bp posted a big miss versus estimates as the company’s quarterly profits remained 13% below the consensus figures. A strong oil trading result was offset by weaker gas trading in the quarter due to subdued volatility. The overall operational performance was supported by increased hydrocarbon production. Despite the consolidation trend in the US, bp is focusing on organic growth for its oil and gas portfolio at high prices while looking at inorganic growth in the energy transiti ....
