Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-07-30 19:05:00

BP DOWN $6.3 BLN

BP DOWN $6.3 BLN

BP swung to a $6.3 billion second quarter loss on Tuesday after write downs tied to the ongoing conflict in Libya and the company's recent Deepwater Horizon settlement.

BP said, "The result reflected the impact of continued low oil and gas prices, a reduced contribution from Rosneft, and one-off charges arising from circumstances in Libya, but also continuing strong earnings from BP's downstream businesses and lower cash costs throughout the Group."

Earlier this month, BP agreed to settle all outstanding federal and state claims as well as claims made by more than 400 local government entities arising from the 2010 Deepwater Horizon oil spill for $18.7 billion.

The company took a $9.8 billion pre-tax charge in the second quarter tied to the Deepwater agreement.

BP also took about $600 million in exploration write-offs and other costs related to its activities in Libya, primarily "due to circumstances in the country," BP said.

As a result of the charges, together with other non-operating items and fair value accounting effects, BP reported a replacement cost loss for the quarter of $6.3 billion, or a loss of $34.25 per share.

BP's operating cash flow in the second quarter was $6.3 billion, down from $7.9 billion a year earlier.

The company's upstream segment reported an underlying pre-tax replacement cost profit of $0.5 billion for the quarter, compared with $0.6 billion in the first quarter and $4.7 billion during the same quarter last year.

BP's downstream segment reported an underlying pre-tax replacement cost profit of $1.9 billion, down from $2.2 billion in the first quarter but up from $0.7 billion in the second quarter 2014.

The company also confirmed that it has agreed to $7.4 billion in divestments as part of its current $10 billion divestment program.

BP announced a quarterly dividend of 10 cents per ordinary share, expected to be paid in September.

"In the past few weeks oil prices have fallen back in response to continued oversupply and market weakness and the recent agreements regarding Iran. I am confident that positioning BP for a period of weaker prices is the right course to take, and will serve the company well for the future," BP CEO Bob Dudley said.

petroglobalnews.com

More: 

BP WILL PAY $18.7 BLN 

BP FULL LIABILITY $13.7 BLN 

BP & ROSNEFT: $700 MLN 

BP: WORLD ENERGY - 2015 

BP PROFIT FALLS 20%

 

Tags: OIL, GAS, PRICES, BP, BRITISH, PETROLEUM

Chronicle:

BP DOWN $6.3 BLN
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

BP DOWN $6.3 BLN
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

BP DOWN $6.3 BLN
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

BP DOWN $6.3 BLN
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

All Publications »