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0 2.81848928973413E-05 -0.000563697857948228 -0.00140924464487047 -0.00310033821871475 -0.00169109357384448 -0.00310033821871475 -0.000281848928974214
Stock impact report

BP Flags Multi-Billion-Dollar Transition Impairments as Net Debt Falls in Q4 [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
performance, and significant transition-related impairments, while simultaneously highlighting a sharp improvement in its balance sheet from asset sales. In a trading statement released ahead of its February 10 earnings, BP said reported upstream production in the fourth quarter is expected to be broadly flat versus the prior quarter, with stable oil production offset by lower gas and low-carbon output. However, lower commodity realizations across both upstream segments are expected to weigh on underlying replacement cost (RC) profit. In gas and low-carbon energy, realizations are expected to reduce underlying profit by $100 million to $300 million quarter-on-quarter, reflecting changes in global gas pricing benchmarks beyond Henry Hub. Gas marketing and trading results are expected to be “average,” offering little offset. Oil production and operations face a larger hit, with realizations expected to reduce profit by $200 million to $400 million, partly due to price lags affecti Show less Read more
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