BP: The Outlook After Q3 2019 Results

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About: BP p.l.c. (BP)
by: Mark Dockray
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Mark Dockray
Long only, long-term horizon, portfolio strategy, growth at reasonable price
Summary

BP recently reported its fiscal Q3 2019 results.

Underlying profit came in significantly lower on the back of lower realized oil and gas prices.

The dividend remains well covered in the current price environment.

Last week, oil major BP (BP) released financial results covering its fiscal third quarter. The bad news is underlying profit came in significantly lower, primarily a result of lower commodity prices. On the