BP (BP) said in a regulatory filing on Tuesday that it now expects upstream output to be higher in Q3 compared with the prior quarter.
That compares with the oil and gas giant's August forecast of slightly lower upstream production in Q3 compared with Q2.
BP also said it expects higher output in both the oil production and operations segment, driven by higher gas production at bpx energy, as well as in gas and low carbon energy.
BP shares were down 3% in recent Tuesday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.