BP earnings: Q2 net profit comes in at $2.8 billion, vs $2.5 billion expected

A BP company logo is displayed on a fuel pump on the forecourt of a gas station operated by BP Plc in London, U.K.reported better-than-expected second-quarter profits on Tuesday.

U.K.-based BP posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion, versus $2.5 billion expected in a Reuters poll. That compared with a profit of $2.8 billion over the same period a year earlier and $2.4 billion in the first three months of 2019.reported an almost 20% fall in second-quarter adjusted net profit last week.

International benchmark Brent crude has fallen more than 13% since the end of the first quarter, with U.S. West Texas Intermediate down 12% over the same period. Many of the world's other major oil and gas companies are scheduled to report their latest quarterly figures over the coming days.

Sketch

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beyond Meat shares tank ahead of earnings even though traders are expecting a beatBeyond Meat Inc. shares fell sharply Monday, ahead of the company's second-quarter earnings expected after the bell, even though hopes for the plant-based... Shorting the motherfucker Rock_Rogers Meat schlapt with a big round steak
Source: MarketWatch - 🏆 3. / 97 Read more »

Here's what to expect from Beyond Meat earningsSince its May initial public offering, the stock is up 775% and has drawn interest from short sellers. Alright then...
Source: CNBC - 🏆 12. / 72 Read more »