BP Joins Peers in Posting Monster 2022 Profits -- Market Talk

Dow Jones

Feb 07, 2023

0837 GMT - BP has joined the throng of oil majors reporting bumper annual profits, and is putting its cash generation to good use in paying down debt, investing in the business and raising shareholder returns, Interactive Investor says. The energy giant's fourth-quarter results were slightly shy of expectations, but this did little to mar the overall result, with full-year underlying replacement cost profits rising to $27.7 billion from $12.8 billion, Interactive head of markets Richard Hunter says in a market comment. "Shell may be the marginally preferred of the U.K. majors, but the market consensus on BP will also likely remain positive, coming in at a buy," Hunter says. Shares are up 4.0% at 497.25 pence. (joseph.hoppe@wsj.com)

(END) Dow Jones Newswires

February 07, 2023 03:37 ET (08:37 GMT)

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The energy giant's fourth-quarter results were slightly shy of expectations, but this did little to mar the overall result, with full-year underlying replacement cost profits rising to $27.7 billion from $12.8 billion, Interactive head of markets Richard Hunter says in a market comment. \"Shell may be the marginally preferred of the U.K. majors, but the market consensus on BP will also likely remain positive, coming in at a buy,\" Hunter says. Shares are up 4.0% at 497.25 pence. (joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2023 03:37 ET (08:37 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP Joins Peers in Posting Monster 2022 Profits -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP Joins Peers in Posting Monster 2022 Profits -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-02-07 16:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0837 GMT - BP has joined the throng of oil majors reporting bumper annual profits, and is putting its cash generation to good use in paying down debt, investing in the business and raising shareholder returns, Interactive Investor says. The energy giant's fourth-quarter results were slightly shy of expectations, but this did little to mar the overall result, with full-year underlying replacement cost profits rising to $27.7 billion from $12.8 billion, Interactive head of markets Richard Hunter says in a market comment. \"Shell may be the marginally preferred of the U.K. majors, but the market consensus on BP will also likely remain positive, coming in at a buy,\" Hunter says. Shares are up 4.0% at 497.25 pence. (joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2023 03:37 ET (08:37 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765646.SGD","symbol_name":"FTIF - Franklin Income A MDIS SGD-H1","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2309794633","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2309794633","pubTimestamp":1675759020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0837 GMT - BP has joined the throng of oil majors reporting bumper annual profits, and is putting it","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4201":"综合性石油与天然气企业","BP":"英国石油","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC"},"translate_title":"英国石油公司加入同行发布怪物2022利润-市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MWW":1,"BP":1},"content_text":"0837 GMT - BP has joined the throng of oil majors reporting bumper annual profits, and is putting its cash generation to good use in paying down debt, investing in the business and raising shareholder returns, Interactive Investor says. The energy giant's fourth-quarter results were slightly shy of expectations, but this did little to mar the overall result, with full-year underlying replacement cost profits rising to $27.7 billion from $12.8 billion, Interactive head of markets Richard Hunter says in a market comment. \"Shell may be the marginally preferred of the U.K. majors, but the market consensus on BP will also likely remain positive, coming in at a buy,\" Hunter says. Shares are up 4.0% at 497.25 pence. (joseph.hoppe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 07, 2023 03:37 ET (08:37 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}