- BP PLC (ADR) expects Q2 oil-trading gains, forecasts lower upstream output ~2.17–2.22M boe/d due to Gulf seasonal maintenance and Middle East disruptions, and wrote down $1B in gas/low‑carbon assets.
- BP PLC Sponsored ADR (BP): refining margins rose to $29.60/bbl from $16.90 y/y; oil trading performance showed a modest uptick; downstream strength may offset some impairment pressure.
- BP PLC ADR (BP.) co-owns Atlantic LNG linked to Shell’s Dragon gas project in Venezuela. Dragon plans four wells from 2027 aiming first output ~2030, affecting BP’s potential supply exposure.
TradingView
Key facts: BP cuts output; $1B writedown & margins up; Dragon risk
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- LSE:BP.
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BP PLC (ADR) expects Q2 oil-trading gains, forecasts lower upstream output ~2.17–2.22M boe/d due to Gulf seasonal maintenance and Middle East disruptions, and wrote down $1B in gas