Bp Shares Dip After Warning Weak Refining Will Hit Q2 Profits Weak refining margins and lower oil trading results will dent bp's second quarter profit by up to $700 million, the company said on tuesday, sending its shares down by over 4%. Str.sg stfr. bengaluru british energy giant bp said on july 9 that weak refining margins and oil trading were likely to dent its second quarter profit, sending its shares down 3 per cent.
Bp S Q2 Disappoints On Weak Refining Margins Gasoline Glut Worries London (reuters) weak refining margins and lower oil trading results will dent bp's second quarter profit by up to $700 million, the company said on tuesday, sending its shares down by over 4%. the warning, which led several analysts to lower their earnings estimates, will weigh on ceo murray auchincloss' efforts to rebuild investor confidence in bp's strategy. u.s. oil major exxon mobil on. In this article: bp expects to book an impairment of up to $2 billion for the second quarter, and warned that weak oil trading and lower refining margins would hurt earnings. the british energy. Advertisement. story: bp had a warning for shareholders tuesday.the energy giant said weak refining margins and oil trading were likely to hurt its second quarter profit.investors were spooked. July 9 (reuters) . british energy giant bp said on tuesday that weak refining margins and oil trading were likely to dent its second quarter profit, sending its shares down 3% in morning trading. while its refining margins will take a hit of $500 million to $700 million, the london based company also expects to record $1 billion to $2 billion.
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