Gold Ten Data, 11 October - BP.N expects its net debt to rise in the third quarter as refining business softness and changes in asset sales timing. The third quarter's oil product trading for the company, headquartered in London, is weak, and a decline in processing crude oil margins will reduce revenue by $400 million to $600 million, according to a statement on Friday. The company also expects total asset divestment income to be $2 billion to $3 billion in the second half of the year, of which about $1 billion will be 'rearranged' in the fourth quarter. The statement by BP exacerbates the weakness of the third-quarter oil industry, following earlier statements by ExxonMobil (XOM.N) and Shell (SHEL.N) that revenues from crude oil production and refining businesses may decline. The recent weakness in the oil industry is mainly due to doubts about the strength of demand and concerns that if OPEC+ continues to implement plans to restore idle production capacity, the market will return to oversupply.
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Rafineri karları azalırken, BP'nin Q3 borç yükü artması bekleniyor
Gold Ten Data, 11 October - BP.N expects its net debt to rise in the third quarter as refining business softness and changes in asset sales timing. The third quarter's oil product trading for the company, headquartered in London, is weak, and a decline in processing crude oil margins will reduce revenue by $400 million to $600 million, according to a statement on Friday. The company also expects total asset divestment income to be $2 billion to $3 billion in the second half of the year, of which about $1 billion will be 'rearranged' in the fourth quarter. The statement by BP exacerbates the weakness of the third-quarter oil industry, following earlier statements by ExxonMobil (XOM.N) and Shell (SHEL.N) that revenues from crude oil production and refining businesses may decline. The recent weakness in the oil industry is mainly due to doubts about the strength of demand and concerns that if OPEC+ continues to implement plans to restore idle production capacity, the market will return to oversupply.