BP plunges after warning weaker oil refining, writedowns will hit Q2 profit (NYSE:BP)
jetcityimage/iStock Editorial via Getty Images BP (NYSE:BP) -4.1% in Tuesday’s trading, on pace for its largest percentage decrease since October 2023, after warning that weak oil trading and reduced refining margins will hurt Q2 earnings. The company also said it expects to write down $1B-$2B in after-tax asset impairments andContinue Reading