Fetching News Details

BP posts weak Q4 results as coronavirus recovery drags on
Feb. 3, 2021
Source: world oil

BP posts weak Q4 results as coronavirus recovery drags on

BP eked out modest profit, but was just fraction of typical pre-pandemic levels. Cash flow, which failed to cover dividends and capital expenditure despite deep cuts to both, raised questions about company’s ability to sustain investor returns. Shares fell 4%. BP’s fourth-quarter net income was $115million, down from $2.57billion year earlier. Company fell short of average analyst estimate of $440million.

   Read More About : BP Brent Price WTI
⬅ all news

Please Login to Save News for Later