Bp's Profit Hits - QuikReader

Business - The Wall Street Journal

BP's Profit Hits Four-Year Low on Commodity Market Weakness

BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.

13 hours ago

Business - Financial Times

BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

14 hours ago

Business - The New York Times

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

11 hours ago

Business - CNBC

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

11 hours ago

Business - MarketWatch

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline

14 hours ago

World - Financial Times

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

15 hours ago

World - The Guardian

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets. Azerbaijan, the host of the Cop29 global climate summit , will see a large expansion of fossil ...

6 days ago

Business - CNBC

Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.

5 days ago

Business - Financial Times

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

4 days ago

Business - The Wall Street Journal

Activist Investor Doubles Down on Calls for Executive Changes at BP

U.K. activist investor Bluebell Capital Partners is pushing BP to remove its chairman and lead independent director.

October 14

World - The Guardian

Investors need clarity on BP policy not boss’s weak promises

Shareholders still do not know if giant will jettison goal to cut oil and gas production by 25% by 2030. There goes another of BP’s shiny targets-cum-ambitions. This one is not related to the pace ...

7 hours ago

Business - The Wall Street Journal

Iberdrola Profit Lifted by Record Investments

Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.

6 days ago

Business - Financial Times

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

October 16

Business - The Wall Street Journal

Whitbread Aims to Boost Profit, Shareholder Returns

The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...

October 16

Business - The Wall Street Journal

ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.

October 17

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

October 18

Business - The Wall Street Journal

Tele2 Posts Higher Profits; Backs Targets

Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...

October 22

Business - Financial Times

Kering warns on profit as Gucci sales plunge

French luxury group grapples with turnaround at its biggest brand as demand dips in Asia

5 days ago

Business - CNBC

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

5 days ago

Business - The Wall Street Journal

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

5 days ago

Business - Financial Times

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

5 days ago

Business - MarketWatch

Hasbro’s third-quarter profit beats expectations, but its stock slips

Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.

5 days ago

Business - Financial Times

NatWest profits rise by a quarter as lending and deposits grow

Bank also sets aside £245mn in provisions for bad loans, higher than expectations of £173mn

4 days ago

Business - Financial Times

China’s industrial profits plunge as economic momentum falters

Steep monthly decline in September comes as policymakers battle to restore confidence

2 days ago

World - The New York Times

In Botswana’s Election, Diamond Profits Are a Defining Issue

The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.

7 hours ago

Business - The Wall Street Journal

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

18 hours ago

Business - The Wall Street Journal

Santander's Profit Beats Expectations on Lower Provisions, Costs

Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...

18 hours ago

Business - Financial Times

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

The chancellor will draw parallels with the Blair government’s efforts to repair the country’s social fabric in the late 1990s

2 hours ago

Business - Financial Times

Visa beats estimates as profit jumps on stronger payments

2 hours ago

Business - MarketWatch

General Motors’ stock jumps after big profit beat, progress on EV profits

GM’s stock rallies toward a multiyear high after profit beat by a wide margin and the full-year outlook was raised.

October 22

Politics - The Hill

Boeing takes a hit

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Boeing posts $6B loss ahead of union vote On Wednesday morning, Boeing reported ...

6 days ago

Business - MarketWatch

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...

October 15

Business - Financial Times

Goldman profits jump 45% to $3bn after trading boost

Net income outstrips expectations despite hit from retail banking retreat

October 15

Business - CNBC

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results

Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

October 15

Profits Leap at Goldman Sachs as Banks See Steady Economy

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

October 15

Latest in Bp's Profit Hits

BP's Profit Hits Four-Year Low on Commodity Market Weakness

BP reports lowest quarterly profit since pandemic on weak oil prices

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

FirstFT: Twin scandals hit PwC’s Asia profits

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live

Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

Activist Investor Doubles Down on Calls for Executive Changes at BP

Investors need clarity on BP policy not boss’s weak promises

Iberdrola Profit Lifted by Record Investments

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Whitbread Aims to Boost Profit, Shareholder Returns

ABB Posts Higher Profit, Raises Margin Guidance

CVS replaces CEO as profits, share price suffer

Tele2 Posts Higher Profits; Backs Targets

Kering warns on profit as Gucci sales plunge

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla Surprises Wall Street With Strong Third-Quarter Results

Barclays profits rise 23% as dealmaking returns

Hasbro’s third-quarter profit beats expectations, but its stock slips

NatWest profits rise by a quarter as lending and deposits grow

China’s industrial profits plunge as economic momentum falters

In Botswana’s Election, Diamond Profits Are a Defining Issue

Clariant Third-Quarter Profits Miss Expectations

Santander's Profit Beats Expectations on Lower Provisions, Costs

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Visa beats estimates as profit jumps on stronger payments

General Motors’ stock jumps after big profit beat, progress on EV profits

Boeing takes a hit

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

Goldman profits jump 45% to $3bn after trading boost

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results

Profits Leap at Goldman Sachs as Banks See Steady Economy

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