BP Slides After Projecting Up To $2B in Q2 Impairment Charges

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 ...