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Shares of BP Plc were losing around 4 percent in the morning trading in London as well as in pre-market activity on the NYSE after the British energy major reported Tuesday weak underlying replacement cost profit in its third quarter, below market estimates, as revenues were hit by lower gas prices.
Vp plc (VP.L), an equipment rental specialist, reported Wednesday that its fiscal 2023 profit before taxation declined to 30.7 million pounds from last year's 35.
HP CEO Enrique Lores shared that HP is currently developing AI-enabled PCs that will enable users to perform tasks such as spreadsheet building and data analysis in record time
Surging oil prices will undoubtedly help the British oil giant, but those gains could be offset by the company’s decision to exit its nearly 20% position in Russia’s government-controlled oil producer Rosneft...
BP is likely to launch a new share buyback programme when it releases its results. BP surprised shareholders earlier this month when it revealed it had reached its net debt target of $35 billion earlier than expected, driven by a better-than-expected performance in the first quarter and faster than anticipated asset sales. With debt now under control, more can be funnelled elsewhere, including into shareholder’s pockets. BP pledged to return ‘at least’ 60% of surplus cashflow through buybacks once it had reached its debt target and promised to release ‘further information’ on its ...