LONDON, July 3 - Oil giant BP Plc said on Monday it expected its production of oil and gas to have fallen 2.5 percent to around 4.01 million barrels of oil equivalent per day (boepd) in the second quarter.
This is just short of a Citigroup forecast of 4.02 million boepd, and compares with 4.112 million boepd in the second quarter of 2005.
BP tipped strong refining earnings in the second quarter saying that the increase in the global refining margin index was higher than in the first quarter and the second quarter of 2005.
BP said it will take an additional $500 million charge in relation to a fatal explosion at its Texas City refinery last year.
This is just short of a Citigroup forecast of 4.02 million boepd, and compares with 4.112 million boepd in the second quarter of 2005.
BP tipped strong refining earnings in the second quarter saying that the increase in the global refining margin index was higher than in the first quarter and the second quarter of 2005.
BP said it will take an additional $500 million charge in relation to a fatal explosion at its Texas City refinery last year.
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