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BP said it expected the third quarter to be boosted by higher oil and gas production, but warned of weaker oil trading.
It told investors on Tuesday that upstream production is now expected to be higher between July and September than in the previous three months.
This includes low-carbon energy coming from its oil production and operations as well as gas production and high-yield gas production.
BP had previously said upstream production would be down quarter on quarter.
The updated guidance came as the average brent Crude oil prices increased in the third quarter.
However, BP indicated that its “oil trading results are expected to be weak” in the third quarter while gas trading was set to be “average”.
Net debt is expected to remain broadly flat at the end of the second quarter, compared with around US$26 billion (£19.6 billion) at the end of the third quarter.
The energy giant has recently revealed a major cost-cutting drive which will see thousands of roles eliminated due to pressure to boost profits.
Chief executive Murray Auchincloss has pledged that the FTSE 100 firm will “do better for its investors” and said there is “much more to do” under its current three-year plan.
Earlier this year the business unveiled a new growth strategy focused on extracting more oil and gas, focusing on green energy and reducing spending on renewable energy.