{"id":614016,"date":"2023-11-01T09:29:00","date_gmt":"2023-11-01T03:59:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614016"},"modified":"2023-11-01T10:29:17","modified_gmt":"2023-11-01T04:59:17","slug":"bps-3-3-billion-profit-misses-forecast-on-weak-gas-dividend-unchanged","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bps-3-3-billion-profit-misses-forecast-on-weak-gas-dividend-unchanged\/","title":{"rendered":"BP&#8217;s $3.3 billion profit misses forecast on weak gas, dividend unchanged"},"content":{"rendered":"<p>BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts&#8217; forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project. <\/p>\n<p>The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion share buyback programme over the next three months, leaving its payout policy unchanged. <\/p>\n<p>BP wrote down $540 million in the quarter on its wind power projects offshore New York after officials rejected a request for better terms to reflect what BP referred to as &#8220;inflationary pressures and permitting delays&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts&#8217; forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project. The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion share buyback programme over the next three months, leaving its payout policy unchanged. BP wrote down $540 million in the quarter on its wind power projects offshore New York after officials rejected a request for better terms to reflect what BP referred to as &#8220;inflationary pressures [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-614016","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=614016"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614016\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}