For Fiscal 2024, BP Continues To Expect Both Reported And Underlying Upstream Production To Be Slightly Higher Compared With 2023; Divestments And Other Proceeds Are Now Anticipated To Exceed $3 Billion For The Year
Portfolio Pulse from Benzinga Newsdesk
BP expects slightly higher upstream production in 2024 compared to 2023, with divestments exceeding $3 billion. Growth is anticipated in convenience and Castrol, while refining margins are expected to be lower. BP completed acquisitions of BP Bunge Bioenergia and Lightsource BP.
October 29, 2024 | 7:36 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BP anticipates higher upstream production and over $3 billion in divestments for 2024. Growth is expected in convenience and Castrol, while refining margins are projected to be lower. BP completed acquisitions of BP Bunge Bioenergia and Lightsource BP.
BP's guidance for 2024 indicates positive growth in upstream production and significant divestments, which could positively impact its financial performance. The completion of key acquisitions may enhance its market position. However, lower refining margins could offset some gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100