Bp Profit Falls - QuikReader

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.

Business - The New York Times - October 29

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.

Business - CNBC - October 29

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

Business - Financial Times - October 29

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.

Business - The Wall Street Journal - October 29

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

Business - MarketWatch - October 29

TotalEnergies Profit Falls as Downstream Margins Bite

TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.

Business - The Wall Street Journal - October 31

Saudi Aramco Profit Falls on Oil-Price Weakness

The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.

Business - The Wall Street Journal - November 5

DHL Owner Net Profit Falls on Costs

Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.

Business - The Wall Street Journal - November 5

BMW Posts Sharp Fall in Automotive Profitability

BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.

Business - The Wall Street Journal - November 6

NetEase's Profit Falls on Weaker Gaming Revenue

The Chinese videogame giant’s profit tumbled for a second straight quarter and revenue missed market expectations as the main business delivered a soft performance.

Business - The Wall Street Journal - November 14

Archer Daniels Midland Profit Plunges, Revenue Falls

Archer Daniels Midland said profit plunged in the third quarter, shortly after saying it would restate its 2023 filing with the Securities Exchange Commission, along with the first and second ...

Business - The Wall Street Journal - 5 days ago

PwC profits fall in Asia after scandals in China and Australia

Big Four firm reports slower global growth as regional woes compound consulting industry slowdown

Business - Financial Times - October 29

PayPal beat big on a profit metric, but here’s why its stock is falling

PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”

Business - MarketWatch - October 29

Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.

Business - MarketWatch - October 30

Exxon and Chevron suffer profit falls on lower oil prices

Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023

Business - Financial Times - November 1

NAB Raises Dividend Despite a 6.1% Fall in Annual Profit

National Australia Bank raised its dividend despite a 6.1% fall in annual profit on lower lending margins and higher costs.

Business - The Wall Street Journal - November 6

Pinterest Stock Falls Despite Rise in Third-Quarter Profit, Revenue

The social-media platform’s revenue jumped 18% year over year, slightly above Wall Street’s forecast.

Business - The Wall Street Journal - November 7

Swiss Re Net Profit Falls On U.S. Liability Reserve Increase

The reinsurer said resilient underwriting and contributions from all its business lines were offset by a $2.4 billion increase in the liability reserves of its property and casualty U.S. business.

Business - The Wall Street Journal - November 14

Ceramic mugs, condiment bars and comfier seats are coming to more Starbucks stores, as new CEO looks to re-caffeinate sales

Starbucks Corp. on Wednesday said its latest quarterly results “do not reflect the strength of our brand,” and said it needed to make fundamental changes to bring back customers.

Business - MarketWatch - October 31

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