BP rebounded into a vast profit in 2023, with its fourth-quarter earnings revealing an adjusted EPS of $17.77, which topped estimates of $16.27, and an adjusted net income of $2.99 billion, exceeding the forecast of $2.76 billion. The operational cash flow was reported at $9.38 billion, surpassing the expected $8.24 billion, with debt gearing slightly up at 19.7% compared to the estimated 19.2%. BP is committed to a $3.5 billion share buyback for the first half of 2024 and has announced a $1.75 billion share buyback for the fourth quarter, which resulted in the biggest share gains in a year.
TotalEnergies raises its dividend and continues share buybacks, shrugging off a 31% drop in fourth-quarter earnings https://t.co/uUMyPixkLC
TotalEnergies raises its dividend and continues share buybacks, shrugging off a 31% drop in fourth-quarter earnings https://t.co/OxkCv3j95e
BIG OIL 4Q EARNINGS: TotalEnergies misses (slightly) the consensus, reporting adj earnings of $5.2 billion. But it still raises the dividend (+7.1%) and announces $2 billion in quarterly buybacks, and promises to keep share purchases at that level in future quarters | #OOTT $TTE
⚠️ TOTALENERGIES ADJUSTED NET INCOME DOWN 31% IN Q4 (Reuters) TotalEnergies said on Wednesday its net adjusted income fell to $5.2 billion in the fourth quarter of 2023, down 31% compared to the same period a year ago, mainly due to lower oil prices and refining margins. The… https://t.co/vHEiqTyZbr
The British energy giant BP boosted share repurchases and vowed to make pragmatic investments, in moves to soothe investor concern over its energy transition plans after it posted a forecast-beating earnings of $3 billion in the fourth quarter https://t.co/8N6089TlVY https://t.co/PIhfkk1yu4
British #energy giant #BP rebounds into vast profit in 2023, it says, after slumping into a loss the prior year on its exit from Russia following Moscow’s Ukraine invasion. https://t.co/1PDeXCAzgt
BP shares make biggest gains in a year on buyback plan as profit tops estimates https://t.co/9MOQFhpAtD
BP launches new share buyback despite drop in profits https://t.co/gmhBC3aVvW
$BP | BP Q4 23 Earnings: - Adj EPS $17.77 (est $16.27) - Adj Net $2.99B (est $2.76B) - Oper Cash Flow $9.38B (est $8.24B) - Debt Gearing 19.7% (est 19.2%) - Committed To $3.5B Share Buyback For H1 Of 2024 - Announces $1.75B Share Buyback For Q4