Oil major has underperformed its biggest rivals since Murray Auchincloss formally took charge a year ago

RTÉ

Ireland

BP warns of Q4 profit hit, postpones capital markets day

Chief executive Murray Auchincloss is ‘recovering well’ and will be back in the office by February, the group said.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

BP reveals boss recovering after medical procedure as it signals weaker trading

The group confirmed its annual results will go ahead on February 11 as planned, but it will delay a planned capital markets event due in New York on February 11 until February 26 as Mr Auchincloss recovers

Daily Mirror

Reach plc

BP boss has medical procedure as oil company reports weaker last quarter trading

BP warned today that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly-anticipated investor day due to a medical procedure undergone by CEO Murray Auchincloss.

Government of Ireland

(Bloomberg) — BP Plc flagged broad weakness across its business in the fourth quarter and delayed a presentation to investors to give Chief Executive Officer Murray Auchincloss more time to recuperate from medical treatment.

Financial Post

Leon Cooperman

Allianz

Canada

BP Flags Weaker Earnings, Delays February Strategy Update

Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a medical procedure as it signalled weaker end-of-year trading. Its scheduled capital markets event that was due on February 11 in New York will now be delayed until February 26 and will take place in London “to ensure his full recuperation”. The group confirmed its annual results will go ahead on February 11 as planned. BP sai…

City AM

BP reveals boss Auchincloss recovering after procedure as it signals weaker trading

Financial Times

Nikkei Inc.

Pressure mounts on BP chief as investor patience wanes

BP Plc's Chief Executive Officer Murray Auchincloss faces a critical moment next month.

Rigzone

BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update

Deputy Finance Minister Thomas Djiwandono revealed that the Daya Anagata Nusantara Investment Management Agency or BPI Danantara cannot be launched in the near future. Deputy Minister...

Wamenkeu Thomas Djiwandono mengungkapkan, Badan Pengelola Investasi Daya Anagata Nusantara atau BPI Danantara belum bisa diluncurkan dalam waktu dekat. Wakil Menteri...

Terungkap Penyebab BP Danantara Belum Juga Diluncurkan, Wamenkeu Angkat Suara

SINDOnews.com

Revealed Reason Why BP Danantara Has Not Been Launched, Deputy Minister of Finance Speaks Out

Weak oil trading and declining refining margins are expected to lower the fourth-quarter earnings at BP, the UK-based supermajor said on Tuesday, joining other international giants in flagging weaker profits. BP forecasts that weaker realized refining margins will dent the Q4 earnings by up to $300 million. Refinery turnaround activity is also set to have a higher impact for the fourth quarter compared to the third quarter. The BP refining marke…

Oil Price

Advanced Media Solutions

BP Expects Weak Oil Trading and Refining Margins to Reduce Q4 Profit

Market update, ahead of annual results next month, signals weaker upstream oil and gas production READ SOURCE

Pressure mounts on BP chief as investor patience wanes

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