MARKETS

BP needs $60 oil

BP'S December quarter earnings of $US400 million were one of its worst results in a decade and far below expectations, as the debt-heavy oiler said it needs $60 per barrel oil to break even.

Haydn Black

BP chief executive Bob Dudley.

It missed analyst expectations by almost $167 million as profits from oil and gas production rose alongside higher crude prices but were offset by weaker than expected earnings from refining. BP,...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

OPERATIONS

Conditions on Woodside's Pyrenees FPSO prompts NOPSEMA general direction

ENERGY TRANSITION

'PM, stand up to the mining lobby' - Greens environment spokesperson

ENERGY TRANSITION

Cauldron uncovers world class uranium potential in WA

POLICY

New offshore gas storage bill introduced in Victoria

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.