The company reported its Q4 15 results. Adjusted profit came in below expectations at $196m vs. $800m expected. For the full year, the group reported a replacement cost profit down 51% compared to 2014, at $5.9bn. +*Results by division:*+ 1) In the upstream division, the group reported a loss of $728m on an adjusted basis for Q4 15, leading to a $1.2bn profit for the full year 2015, compared to $15.2bn for the full year 2014. An impairment of $1.64bn was recorded relating to a number of asset
08 Feb 2016
Q4 15: Poor trading in both upstream and downstream
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q4 15: Poor trading in both upstream and downstream
BP p.l.c. (BP:LON) | 524 3.1 0.1% | Mkt Cap: 88,116m
- Published:
08 Feb 2016 -
Author:
Alexandre Andlauer -
Pages:
3
The company reported its Q4 15 results. Adjusted profit came in below expectations at $196m vs. $800m expected. For the full year, the group reported a replacement cost profit down 51% compared to 2014, at $5.9bn. +*Results by division:*+ 1) In the upstream division, the group reported a loss of $728m on an adjusted basis for Q4 15, leading to a $1.2bn profit for the full year 2015, compared to $15.2bn for the full year 2014. An impairment of $1.64bn was recorded relating to a number of asset