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BP says lower oil prices will weigh on earnings
BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an increase in production and higher refining margins. In a trading update on Friday, BP said it expected earnings in its oil business to be $600mn-$800mn lower in the three months to the end of June than the previous quarter.
BP (NYSE:BP) +3.3% in Friday's trading after saying it expects to report higher production and a strong result from its oil ...
The energy major said that while upstream production is expected to rise quarter-on-quarter, lower oil and gas sales could ...
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BP has said it expects to report higher oil and gas production for the second quarter, after the energy giant renewed its ...
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