BP Tops Earnings Estimates, Readies New Chapter as Dudley Steps Down

摘要

BP plc CEO Bob Dudley, who stepped down as chief on Tuesday, is leaving on a high after helping guide the global producer to stronger-than-expected results in the fourth quarter even with lower natural gas and oil prices. Fourth quarter underlying replacement cost proft, similar to U.S. net earnings, was $2.6 billion (12.6 cents/share), compared with $3.5 billion (17.4 cents) in 4Q2018 and $2.3 billion in 3Q2019. Full-year proft reached $10 billion, up from Wall Street’s consensus expectations of $9.7 billion but of around 21% from year-ago earnings.