BP Misses Q4 Earnings Estimates, Expects 2024 Production Hike

BP plc (BP) has reported fourth-quarter 2023 adjusted earnings of $1.07 per American Depositary Share on a replacement-cost basis, excluding non-operating items. The bottom line missed the Zacks Consensus Estimate of $1.09 and declined from the $1.59 reported a year ago.Total quarterly revenues of $52,586 million lagged the Zacks Consensus Estimate of $59,530 million and declined from the $70,356 million reported in the year-ago quarter.Lower realizations of commodity prices led to weak quarterly results.BP ...