2017-05-02 16:05:00

BP'S PROFIT $1.5 BLN

BP'S PROFIT $1.5 BLN

BP - "Our year has started well. BP is focused on the disciplined delivery of our plans. First quarter earnings and cash flow were robust. We have shown continued operational momentum - it was another strong quarter for the Downstream and the first of our seven new Upstream major projects has started up, with a further three near completion. We expect these to drive a material improvement in operating cash flow from the second half" - Bob Dudley, group chief executive said.

BP FINANCIAL SUMMARY 1Q 2017

BP PROFIT LOSS 2016 - 2017

BP PROFIT ANALYSIS 2016 - 2017

BP PROFIT LOSS ANALYSIS 2016 - 2017

  • Underlying replacement cost profit for the first quarter was $1.5 billion.
  • First quarter operating cash flow, excluding payments related to the Gulf of Mexico oil spill*, of $4.4 billion. Including these payments, operating cash flow* was $2.1 billion.
  • Dividend unchanged at 10 cents per share. 
  • Reported oil and gas production was 3.5mmboe/d in the first quarter, 5% higher than same period in 2016.
  • New Upstream major projects* on track: Trinidad onshore compression project started up, another in ramp-up, and two more in commissioning.
  • Downstream marketing growth and strong operational performance. 
  • $1.7 billion divestment of BP’s interest in SECCO petrochemical joint venture, subject to regulatory approvals.

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Earlier: 

BP SELL REFINERIES 

BP'S GROWTH 

BP ENERGY OUTLOOK 2035 

BP LOSS $999 MLN 

BP: OIL DEMAND GROWS

 

 

 

Tags: BP,

Chronicle:

BP'S PROFIT $1.5 BLN
August, 16, 09:45:00

OIL PRICE: NOT ABOVE $52 YET

Brent crude futures LCOc1 were at $51.02 per barrel at 0218 GMT, up 22 cents or 0.4 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.70 a barrel, up 15 cents, or 0.3 percent.

BP'S PROFIT $1.5 BLN
August, 16, 09:40:00

OIL PRICES TAKES TIME

New data suggests that in 2Q17 global stocks fell by 0.5 mb/d and preliminary data for July, particularly in the United States where stocks fell by 790 kb/d, is supportive. Even so, we must not forget that they are falling from a very great height in volume terms. At the end of 2Q17, OECD commercial stocks, which are the component of the global total for which we have the most visibility, stood at 3 021 million barrels, still more than 219 mb above the five-year average although they have now fallen below 2016 levels. As an exercise, if OECD stocks fell by 0.5 mb/d until the end of 1Q18 when the current output agreements expire they would still be about 60 mb above the five-year average.

BP'S PROFIT $1.5 BLN
August, 16, 09:35:00

ЦЕНА URALS: $ 49,94

Средняя цена нефти марки Urals по итогам января - июля 2017 года составила $ 49,94 за баррель.

BP'S PROFIT $1.5 BLN
August, 16, 09:30:00

OPEC: GLOBAL OIL DEMAND WILL UP TO 97.8 MBD

OPEC said world oil demand in 2018 will grow 1.28 million b/d from 2017 levels, meaning that total oil consumption is expected to hit a new record high of 97.8 million b/d in 2018.

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