BP Warns Of Weaker Refining Margins, Higher Debt: Details

BP p.l.c. (NYSE:BP) shares are trading lower on premarket on Friday. The company disclosed updated third-quarter guidance.

The company expects upstream production to remain roughly flat compared to the previous quarter, with stable output in both oil production & operations and gas & low-carbon energy.

In the gas & low-carbon energy segment, BP projects realizations to have a favorable impact of about $0.1 billion due to changes in non-Henry Hub natural gas prices.

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Also, in the oil production & operations segment, ...