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Feb 7, 2023 · Reported profit for the quarter was $10.8 billion, compared with a loss of $2.2 billion for the third quarter 2022. The reported result for the fourth quarter is adjusted by inventory holding losses net of tax of $1.1 billion and a gain for adjusting items* net of tax of $7.1 billion to derive the underlying replacement cost profit.
- Third quarter 2022 results | News and insights | Home - bp
Reported loss for the quarter was $2.2 billion, compared...
- Third quarter 2022 results | News and insights | Home - bp
- Erlying Replacement Cost Profit* $8.2 Billion
- Rating Cash Flow* $8.3 Billion; Net Debt* Reduced to $22.0 Billion
- Ther $2.5 Billion Share Buyback Within Disciplined Financial Frame
- Progressing Transformation to An Integrated Energy Company
Underlying replacement cost profit was $8.2 billion, compared with $8.5 billion for the previous quarter. Compared to the second quarter, the result was impacted by weaker refining margins, an aver...Reported loss for the quarter was $2.2 billion, compared with a profit of $9.3 billion for the second quarter 2022. The reported result for the third quarter includes inventory holding losses net o...Operating cash flow in the quarter was $8.3 billion including a working capital build (after adjusting for inventory holding losses* and fair value accounting effects) of $6.2 billion, mainly due t...Looking forward, the outlook for working capital remains subject to a number of factors, including price. However, following the build in working capital as a result of rising gas prices since 2021...Capital expenditure* in the quarter was $3.2 billion. bp now expects capital expenditure of around $15.5 billion in 2022, if the acquisition of Archaea Energy completes before year end.During the third quarter, bp completed share buybacks of $2.9 billion. The $3.5 billion share buyback programme announced with the second quarter results was completed on 27 October 2022.During the third quarter bp generated surplus cash flow* of $3.5 billion and intends to execute a $2.5 billion share buyback prior to announcing its fourth-quarter results, bringing total announced...For 2022 and subject to maintaining a strong investment grade credit rating, bp remains committed to using 60% of surplus cash flow for share buybacks and intends to allocate the remaining 40% to f...In setting the buyback each quarter, the board will continue to take into account factors including the cumulative level of and outlook for surplus cash flow.Against the authority granted at bp's 2022 annual general meeting to repurchase up to 1.95 billion shares, bp had repurchased 677 million shares at 31 October.In resilient hydrocarbons bp is accelerating its biogas strategy - part of its bioenergy transition growth engine - agreeing to acquire Archaea Energy a leading US biogas company. bp has also conti...In convenience and mobility bp continued to advance its growth strategy in EV charging and convenience: announcing plans to collaborate with Hertz in North America to install a national network of...In low carbon energy bp continued to progress its renewables and hydrogen strategy. In Australia, bp closed its acquisition of a 40.5% stake in AREH, one of the world's largest planned renewables a...with a profit of $10.8 billion and a loss of $2.5 billion in the same periods of 2022. –After adjusting profit attributable to bp shareholders for inventory holding losses* and net impact of adjusting items*, underlying replacement cost profit* for the fourth quarter and full year was $3.0 billion and $13.8 billion respectively, compared
Aug 2, 2022 · Tuesday 2 August 2022 at 10:32pm ... The oil giant will boost its dividend after reporting underlying replacement cost profits – its preferred measure – jumping to US $8.5 billion (£6.9 ...
Feb 7, 2023 · Underlying replacement cost profit, analysts' preferred measure, more than doubled to $27.7billion (£23billion) in 2022, most than ever, from $12.8billion in 2021.
May 3, 2022 · BP's underlying replacement cost profit, the company's definition of net earnings, reached $6.2 billion in the first quarter, the strongest since 2008 and far exceeding analysts' expectations for ...
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Nov 2, 2021 · Surging prices helped BP’s underlying replacement cost profit - its preferred measure of performance - rise 17% to $3.3 billion in the third quarter. The City had been expecting a figure of $3 ...
