July 10, 2024 BY Elizabeth Anderson
BP Shares Stumble After Forecasts Of Weaker Refining Margins And Write-Down
The company’s statement detailed how low fuel revenues coupled with increased maintenance costs will negatively affect its Q2 2024 financial performance. According to a Bloomberg report, BP is planning to downscale its refinery operations in Germany because of high expenses and a drop in demand for conventional fuel. The Telegraph reported that BP’s reduction of…
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