BP Ganangs Q4 2024

British oil specialist BP On Tuesday, he published a strong fall in the fourth quarter gains, committing to restore “the strategy of the Energy Energy Company.

The energy firm published an underlying replacement cost benefit, used as a proxy for net gain, at $ 1,169 billion in the fourth quarter, compared to $ 2.99 billion in the same period last year and with a forecast of analysts of $ 1.2 billion, according to an LSE survey.

Petroleum students have resisted a tidal turn during the past year, since crude oil prices were withdrawn after the initial support after Russia’s invasion in Russia of Ukraine and Western sanctions and G7 against the Moscow barrels. In a commercial update of JanuaryBP marked higher corporate costs, refining margins made in the fourth lower quarter and unique charges linked to its acquisition of bioethanol.

BP has had a low performance of its peers, and the actions fell approximately 9% during the last year until the end of last week, compared to 6% profits for Shell. The action gained ground on Monday, after the weekend reports that the activist investor Elliott Management has created a participation in the oil specialty with difficulties, feeding the speculation that the influential coverage fund could press the company of Energy to change their marching in its central and gas businesses.

Otherwise, speculation has been mounted a lot about whether BP could become an acquisition objective, although the size of £ 74 billion of the company could raise a challenge for suitors.

BP has tried to pass its fortune An important restructuring That included a reduced size in leadership in the midst of the efforts of the BP Murray Auchincloss CEO to deliver at least $ 2 billion of cash savings by the end of 2026. In January, the company expanded its cost of cost reduction To cut 4,700 roles And last week he revealed that it is Looking for buyers for its German refinery assets Ruhr GmbH. But the concerns persist about the clarity of the strategic management of BP in the midst of its extensive green energy ambitions, with the company that will provide its next strategic update on February 26.

In a Friday note, RBC analysts emphasized a key point that was left if BP would reconcile their balance sheet through a deceleration of their sharing repurchase program, pointing out the market expectations that the oil specialty now committed to Around $ 1 billion repurchases per quarter, versus $ 1.75 billion previously.

“We expect questions during the Telefónica Conference on the impact on subsequent BP operations of American tariffs on Canadian crude It relates to the allocation of poor capital that has deteriorated its profit potential.

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