Jul. 11 at 4:05 PM
$BP expects higher Q2 oil & gas production — bullish or bearish? 🤔
Despite projecting an increase in upstream production, BP foresees a potential negative impact of
$800M from lower oil prices. However, the company anticipates a
$300-
$500M gain in the customers and products segment, with refining margins expected to improve.
Understand the full dynamics at play here 👉 https://www.zacks.com/stock/news/2574233/bps-q2-results-to-be-hit-by-low-prices-despite-higher-production?cid=sm-stocktwits-2-2574233-body-1411&ADID=SYND_STOCKTWITS_TWEET_2_2574233_BODY_1411