BP reported adjusted net income 10% above our expectations at $1.8bn vs. $1.62bn expected driven by higher downstream earnings. Refining accounts for more than 90% of the quarter's earnings. Upstream was resilient with low oil prices.
27 Oct 2015
Lower costs more interesting than earnings
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Lower costs more interesting than earnings
BP p.l.c. (BP:LON) | 513 -22.6 (-0.9%) | Mkt Cap: 86,336m
- Published:
27 Oct 2015 -
Author:
Alexandre Andlauer -
Pages:
3
BP reported adjusted net income 10% above our expectations at $1.8bn vs. $1.62bn expected driven by higher downstream earnings. Refining accounts for more than 90% of the quarter's earnings. Upstream was resilient with low oil prices.