BP Sees Mixed Q1 Outlook With Flat Oil Prices, Weaker Gas Trading Ahead Of Earnings

BP PLC (NYSE:BP) shares are down Friday after the company updated first-quarter guidance.

The company expects upstream production to decline compared to the previous quarter, with slightly higher production in oil production and operations and less in gas and low-carbon energy.

In the gas and low-carbon energy segment, realizations are expected to be flattish, while gas marketing and trading results are projected to be weak.

Also, in the oil production and operations segment, the company anticipates realizations to be mostly flat due to price lags, particularly ...

https://www.benzinga.com/news/guidance/25/04/44763712/bp-sees-mixed-q1-outlook-with-flat-oil-prices-weaker-gas-trading-ahead-of-earnings