Companies
New BP boss in race to beat Shell as oil giant prepares to post 2023 earnings
Analysts expect BP’s underlying replacement cost profit will be $2.77 billion for Q4 as the firm learns if the departure of Bernard Looney hurt business
Murray Auchincloss, the new chief executive of BP, will have his first outing this week since being appointed to the role permanently, and hopes will be high that he can replicate a strong set of results from Shell.
The company’s shares ticked up after Shell beat expectations, making $7.2 billion (€6.56 billion) in underlying earnings in the last three months of 2023.
But it remains to be seen whether BP can deliver a similar expectations ...
