BP's Changes Consistent With Prior Commentary, RBC Says -- Market Talk

Dow Jones04-18

1105 GMT - When it publishes 1Q results in May, BP will likely outline the possible cost savings arising from the simplification of its executive team and organizational structure, RBC Capital Markets analyst Biraj Borkhataria says in a research note. The changes appear consistent with comments from BP's chief executive back in February, the analyst says. They come as oil companies contend with complex structures, the uncertainty caused by the energy transition and a wave of low-carbon-related deals. "In that vein, we expect BP to outline the potential cost savings opportunity from a leaner, simpler organisation at the upcoming results. Similar commentary from peer Shell last year was taken well by investors, and we believe this could too," the analyst says. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

April 18, 2024 07:05 ET (11:05 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428561706?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-18 19:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2428561706","market":"fut","top_or_hot":-1,"title":"BP's Changes Consistent With Prior Commentary, RBC Says -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1105 GMT - When it publishes 1Q results in May, BP will likely outline the possible cost savings arising from the simplification of its executive team and organizational structure, RBC Capital Markets analyst Biraj Borkhataria says in a research note. The changes appear consistent with comments from BP's chief executive back in February, the analyst says. They come as oil companies contend with complex structures, the uncertainty caused by the energy transition and a wave of low-carbon-related deals. \"In that vein, we expect BP to outline the potential cost savings opportunity from a leaner, simpler organisation at the upcoming results. Similar commentary from peer Shell last year was taken well by investors, and we believe this could too,\" the analyst says. (pierre.bertrand@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 18, 2024 07:05 ET (11:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP's Changes Consistent With Prior Commentary, RBC Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP's Changes Consistent With Prior Commentary, RBC Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 19:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1105 GMT - When it publishes 1Q results in May, BP will likely outline the possible cost savings arising from the simplification of its executive team and organizational structure, RBC Capital Markets...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765646.SGD","symbol_name":"FTIF - Franklin Income A MDIS SGD-H1","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428561706","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428561706","pubTimestamp":1713438300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1105 GMT - When it publishes 1Q results in May, BP will likely outline the possible cost savings arising from the simplification of its executive team and organizational structure, RBC Capital Markets analyst Biraj Borkhataria says in a research note. The changes appear consistent with comments from BP's chief executive back in February, the analyst says. They come as oil companies contend with complex structures, the uncertainty caused by the energy transition and a wave of low-carbon-related deals. \"In that vein, we expect BP to outline the potential cost savings opportunity from a leaner, simpler organisation at the upcoming results. Similar commentary from peer Shell last year was taken well by investors, and we believe this could too,\" the analyst says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1829250122.USD":"高盛欧洲核心股票组合Acc","BK4585":"ETF&股票定投概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4588":"碎股","BK4201":"综合性石油与天然气企业","BP":"英国石油"},"translate_title":"加拿大皇家银行表示，英国石油公司的变化与之前的评论一致——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":1},"content_text":"1105 GMT - When it publishes 1Q results in May, BP will likely outline the possible cost savings arising from the simplification of its executive team and organizational structure, RBC Capital Markets analyst Biraj Borkhataria says in a research note. The changes appear consistent with comments from BP's chief executive back in February, the analyst says. They come as oil companies contend with complex structures, the uncertainty caused by the energy transition and a wave of low-carbon-related deals. \"In that vein, we expect BP to outline the potential cost savings opportunity from a leaner, simpler organisation at the upcoming results. Similar commentary from peer Shell last year was taken well by investors, and we believe this could too,\" the analyst says. (pierre.bertrand@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 18, 2024 07:05 ET (11:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428561706"}