We come back to BP’s Q4 17 results after the conference call. As a reminder, BP reported Q4 17 underlying replacement cost profit of $2.1bn, 8% above expectations and up from the $1.85bn in Q3 17. By division: 1) Upstream’s earnings came in at $2.2bn, up 42% vs Q3 17, thanks to production rising 5% and the highest since Q1 11. In Q4 17, production was 2.6mbpd, 18% yoy. In Q1 18, the group expects its production to be flat vs. Q4 17, reflecting the continuing ramp-up, offset mainly
08 Feb 2018
On track with its growth plan
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On track with its growth plan
BP p.l.c. (BP:LON) | 496 0 0.0% | Mkt Cap: 83,777m
- Published:
08 Feb 2018 -
Author:
Alexandre Andlauer -
Pages:
3
We come back to BP’s Q4 17 results after the conference call. As a reminder, BP reported Q4 17 underlying replacement cost profit of $2.1bn, 8% above expectations and up from the $1.85bn in Q3 17. By division: 1) Upstream’s earnings came in at $2.2bn, up 42% vs Q3 17, thanks to production rising 5% and the highest since Q1 11. In Q4 17, production was 2.6mbpd, 18% yoy. In Q1 18, the group expects its production to be flat vs. Q4 17, reflecting the continuing ramp-up, offset mainly