bp Energy Outlook: 2024 edition bp Energy Outlook: 2024 edition Introduction to Energy Outlook 2024 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Introduction | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. For the full year, the Zacks Consensus Estimates project earnings of $4.72 per share and a revenue of $241.74 billion, demonstrating changes of -1.26% and +13.48%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for BP. These revisions typically reflect the latest short-term business trends, which can change freq ...

BP plc (BP) is bracing for a substantial financial setback as it prepares to report its second-quarter 2024 results. The company anticipates a $3-billion (£2.3 billion) hit due to reduced demand for fuels, which has affected its refining business. BP's upstream production in the second quarter is projected to remain broadly flat compared with the prior three months, with oil and gas production standing at 2.38 million barrels of oil equivalent per day (Boe/d) in the first quarter. This stability follows the ...

RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c. BP following its second-quarter trading update release this morning. The analyst rates BP with an Outperform rating and a 650p price target. Thus, the analyst cut the Gas and low-carbon operating profit estimate from $2.4 billion to $1.6 billion. Ahead of the results, the analyst continues to expect BP to raise its dividend by 10% and confirm buybacks totaling $1.75 billion per quarter for the next six months. Disclaimer: This cont ...

Key Takeaways BP (BP) American depositary receipts (ADRs) fell in premarket trading Tuesday after the energy giant said that it expects lower refining margins and an impairment charge of up to $2 billion will impact its second-quarter results. BP Joins Exxon in Warning About Refining Margins Exxon Mobil (XOM) on Monday said that lower refining margins would cause its second-quarter profits to be between $1.1 billion to $1.5 billion lower. The company also expects lower natural gas prices to cause a hit of a ...

BP in 2020 set out its ambition to become a net zero company "by 2050 or sooner." The energy firm also expects to record post-tax asset impairments and contract provisions in the range of $1 billon to $2 billion in the second quarter. The hit includes charges relating to BP's ongoing review of its Gelsenkirchen refinery in Germany. The firm is targeting at least $2 billion in cash cost savings by the end of 2026. Weaker margin in fuels and lower gas and oil prices impacted BP's results in the first quarter, ...

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.61% decrease. Currently, BP is carrying a Zacks Rank of #3 (Hold). We can additionally observe that BP currently boasts a PEG ratio of 1.96. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account t ...

When the news arrived that BP (LON: BP) was scaling down its renewable energy ambitions, it didn't hold much of a surprise. In fact, for market observers there was a certain level of inevitability about it. ForbesOccidental Shares Have Been Flat In 2024 But Warren Buffett Just Keeps Buying However, BP will also continue to maintain its investments in biofuels and low-carbon businesses that it hopes will generate short-term returns. Earlier this week, it agreed to full control of BP Bunge Bioenergia - its Br ...

Core Insights - BP is shifting its internal strategy by imposing a hiring freeze and pausing investments in new wind energy projects to enhance competitiveness and attract investors, reversing the aggressive investment approach in renewables initiated by former CEO Bernard Looney [5][6] - BP's current market valuation is the lowest among its peers, at less than half that of ExxonMobil and Chevron, indicating a need for strategic realignment [2] - The global energy transition is complex, and there is no single successful strategy, leading major companies to refocus on core oil and gas operations amid rising dissatisfaction from shareholders regarding renewable investments [4][6] Company-Specific Developments - BP's recent moves align with a broader trend among major oil and gas companies to allocate more capital to traditional energy sectors, as evidenced by the success of offshore wind projects in Germany [6] - ExxonMobil's consortium in the Stabroek block offshore Guyana has initiated the Hammerhead project, expected to produce 180,000 barrels of oil per day by 2029, showcasing a focus on expanding oil production [7] - ExxonMobil continues to invest significantly in its Low Carbon Solutions business, estimating $20 billion in low carbon investments through 2027, while focusing on projects that leverage its existing expertise [11] Industry Trends - The demand for oil and natural gas is rising globally, particularly in developing nations, with the Energy Institute reporting record levels of crude demand in 2023 and natural gas demand nearing pre-pandemic levels [10] - The principle that energy security is linked to national security remains unchanged, emphasizing the need for oil and gas companies to balance their operations amid ongoing global demand [9][12]

The new EV charging facility will provide increased capacity for electric vehicle charging across greater Houston, making EV ownership more convenient and helping to reduce driver hesitation to make the switch from gas and diesel vehicles to full electric vehicles. The new charging Gigahub is a critical addition to the City of Houston that is seeing a rapidly growing number of electric vehicles in the city. Arcadis has delivered more than 7,000 EV charging stations around the world Brooke Bonkoski, Presiden ...