bp: results down sharply in Q4
(CercleFinance.com) - bp reports an underlying replacement cost (RC) profit of $1.
17bn for Q4 2024, compared with $2.27bn ub Q3, a decline that reflects - amongst other things - lower realised refining margins.
The British energy group also points to a higher impact from turnaround activities, seasonally lower customer volumes and fuel margins, as well as higher underlying corporate and other activities.
In 2024, we reshaped our portfolio - by approving major new projects and focusing our low-carbon investments - and made great strides in cost reduction, managemebt said.
In terms of distributions to shareholders, bp announces a dividend per ordinary share of eight cents, as well as its intention to buy back $1.75bn worth of shares by its next quarterly publication.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
17bn for Q4 2024, compared with $2.27bn ub Q3, a decline that reflects - amongst other things - lower realised refining margins.
The British energy group also points to a higher impact from turnaround activities, seasonally lower customer volumes and fuel margins, as well as higher underlying corporate and other activities.
In 2024, we reshaped our portfolio - by approving major new projects and focusing our low-carbon investments - and made great strides in cost reduction, managemebt said.
In terms of distributions to shareholders, bp announces a dividend per ordinary share of eight cents, as well as its intention to buy back $1.75bn worth of shares by its next quarterly publication.
Copyright (c) 2025 CercleFinance.com. All rights reserved.