BP plc
BP: Q2 2006 Results
Boosted by high oil prices BP’s Q2 (to June 2006) replacement cost profit was $6,118m up 23% on the same period last year. For the half year, replacement cost profit was $11,383m, up 9%.
Replacement cost profit is a measure used by many oil firms to report their profits. This reflects the current cost of supplies […]
BP: Q2 trading statement
Oil giant BP reported flat production for Q2 2006 in comparison to the same period last year.
The company’s production is still recovering from storm damage at the end of last year. Overall production for Q2 is expected to be around 4,010mboed compared to 4,110mboed in the same period last year. Excluding volumes from TNK-BP operations […]
BP: Q1 results
As expected BP reported low growth in the first quarter of 2006, due to lower volumes as a consequence of residual hurricane impacts, primarily at Mars in the Gulf of Mexico.
Production for the quarter at 4,035m boed, slightly higher than the fourth quarter of 2005, reflecting the progressive return of production affected by storms. Compared […]
BP : Trading statement
Storm damage is keeping down BP’s output, according to its latest trading statement. BP reported that production in the first quarter of 2006 is expected to be around 4.025m barrels of oil equivalent per day (mboed) compared to 4.090 mboed in the same period last year.
The company’s output was hit in the second half of […]
BP: Q4 results
BP unveiled record fourth quarter results, no surprise given the state of the oil market and the bumper results recently announced by its competitor, Shell. Profits were a little lower than expected however, due to production disruptions caused by the storm season.
Replacement cost profits for Q4 (ie excluding inventory holding gains/losses- a common measure used […]
BP: trading statement
BP, Europe’s largest oil company said the hurricane season affected production volumes in the fourth quarter ending December 2005. Overall BP production in Q4 is expected to be around 4,010 mboe per day compared to 4,090 mboe per day in the same period last year. Excluding volumes from TNK-BP operations (in Russia), production in Q4 […]
BP: Q3 results
Oil giant BP said its third quarter replacement cost profit was $4,410m, a 16% increase over the same period last year. The results for the quarter were affected by hurricanes Katrina and Rita as well as loss on re-measurement to fair value of Innovene following the recent announcement of its divestment.
Innovene is BP’s olefins, derivatives […]
BP : Trading statement
BP said production in the third quarter of 2005 is expected to be lower than the second quarter due to the impact of Hurricanes Katrina and Rita in the Gulf of Mexico. Tentative estimates by BP put the cost of the hurricane on third quarter replacement cost profit at a minimum of $700m.
Planned maintenance […]
BP: H1 Results
BP’s reported second quarter profits of US$4,981m (on a replacement cost basis), 29% ahead of last year, despite a net non-operating charge of US$291m. For the half year, profits were a record US$10,472m compared to US$8,137m last year.
Attributable profits to BP shareholders on a UK GAAP basis were US$12,193m for the half year, up 31.8% […]
BP Q2 Trading statement
BP says production for the second quarter of 2005 is expected to be around 4,110 mboe per day. Production in the first quarter of the year was 4,101 mboe per day.
Excluding volumes from TNK-BP operations, production in 2Q is expected to be
3,135 mboed, compared to 3,130 mboed in 1Q’05. BP’s net share of production from […]
BP: Q1 Results
BP reported a 29% growth in post tax profits for the 1st quarter of 2005. Total revenue grew by 14.8% to US$81,008m and profits before interest and taxation grew 34% to US$9,476m.
BP: 1Q Trading statement
BP reported that production in the first quarter of 2005 is expected to be around 4,090 mboed, similar to the fourth quarter of last year.
BP
BP’s 2004 results were in line with the trading statement, with fourth quarter profits lower than the third quarter, although significantly above the fourth quarter results last year. On a replacement cost (RC) basis, profits before interest for the fourth quarter were US$5,571m, down 4.8% on the previous quarter but up 48% compared to the […]
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