BP p.l.c. (BP.BA)
- Yahoo Finance Video
Disney earnings, Fedspeak, Econ data: Monday's what to watch
Yahoo Finance Anchors Josh Lipton and Julie Hyman preview what investors should look out for on Tuesday, May 7th, from Disney (DIS) earnings to commentary from Minneapolis Federal Reserve president Neel Kashkari. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- PA Media: Money
BP posts lower-than-expected profits after oil price slump
The London-listed company also revealed plans to deliver two billion dollars (£1.6 billion) extra in cost savings by 2026.
- Reuters
UPDATE 2-BP Q1 profits slump to $2.7 billion, missing forecasts
BP reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a U.S. refinery outage. The London-based company held its dividend steady at 7.27 cents per share and maintained the rate of its share buyback programme at $1.75 billion over the next three months, similar to the previous period. The earnings fell short by 5% of analysts' forecasts, dealing a blow to CEO Murray Auchincloss' efforts to steady the company following a bruising period that followed the abrupt resignation of CEO Bernard Looney last September for failing to fully disclose details of past personal relationships with colleagues.
