Tous Actualités
Suivre
Abonner BP plc

BP plc

euro adhoc: BP PLC
BP 1Q 2003 TRADING UPDATE (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
April 2, 2003
BP 1Q 2003 TRADING UPDATE
This trading update is aimed at providing an overview of the revenue
and trading conditions experienced by BP during the first quarter
ending March 31, 2003.
The first quarter margin, price, realisation, cost and other data
referred to below are currently provisional, some being drawn from
figures applicable to the first month or so of the quarter.  All such
data are subject to change and may differ quite considerably from the
final numbers that will be reported on April 29, 2003.  The statement
is produced in order to provide greater disclosure to investors and
potential investors of currently expected outcomes, and to ensure
that they all receive equal access to the same information at the
same time.
Exploration and Production
Marker prices
1Q'03          4Q'02          1Q'02
Brent dated ($/bbl)               31.47          26.88          21.13
WTI ($/bbl)                       34.00          28.31          21.54
ANS USWC ($/bbl)                  33.16          26.86          19.76
US gas Henry Hub first of month 
  index ($/mmbtu)                  6.53           3.99           2.35
UK gas price - National Balancing 
  Point (p/therm)                 21.28          19.09          19.22
Compared to 4Q'02, liquid realizations are expected to move broadly
in line with the change in marker prices.  Compared to 4Q'02, the
Henry Hub gas marker price is expected to increase by $2.54/mcf. 
However, US gas realizations are projected to be up approximately
$2.00/mcf, due to a widening of basin differentials.
Gas, Power and Renewables
North American gas marketing margins are expected to be significantly
up on 4Q'02.  NGL margins are expected to be similar to 4Q'02.
Refining and Marketing
Refining Indicator Margins ($/bbl)
1Q '03         4Q '02        1Q '02
USA
  • West Coast 6.77 3.95 5.43
  • Gulf Coast 6.14 2.98 2.04
  • Midwest 4.14 4.09 2.06
North West Europe                  3.70           2.19          0.09
Singapore                          2.98           1.41          0.20
Refining Global Indicator 
  Margin* ($/bbl.)                 4.52           2.76          1.64
*The refining Global Indicator Margin(GIM) is a weighted average
based on BP's portfolio.  Actual margins may vary because of refinery
configuration, crude slate and operating practices.
1Q'03 refining margins are expected to be higher than 4Q'02, with
some offset from a significant increase in utility costs. The
marketing environment is projected to be down in 1Q'03 vs. 4Q'02 due
to economic slowdown and normal seasonal variations.
Chemicals
Weighted Chemicals Indicator Margin ($/te)
1Q'03                   4Q'02          3Q'02          1Q'02
n/a                     100            120             80
*The Chemicals Indicator Margin is a weighted average of
externally-based product margins. It is based on market data
collected by Nextant (formerly Chem Systems) in their quarterly
market analyses, then weighted on BP's product portfolio. This is
described more fully in the Group's quarterly results releases.
Chemicals margins in 1Q'03 are expected to be sharply lower than in
4Q'02, due to feedstock costs rising more rapidly than prices for the
majority of petrochemical products.
Stock Purchases
During the quarter the company purchased for cancellation 154.9
million of its shares at a cost of around $1 billion.  Shares in
issue as at 27 March '03 were 22,242 million.
- ENDS -
This information is provided by RNS
    The company news service from the London Stock Exchange
end of announcement        euro adhoc 02.04.2003

Further inquiry note:

Jennifer Bowes 020 7496 4213

Branche: Energy
ISIN: GB0007980591
WKN: 850517
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Börse Düsseldorf / official dealing
Frankfurter Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
London Stock Exchange / official dealing
SWX Swiss Exchange / official dealing

Plus de actualités: BP plc
Plus de actualités: BP plc
  • 31.03.2003 – 14:28

    euro adhoc: BP PLC / Director Shareholding (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. We were advised on 31 March 2003 by Dr. DeAnne Julius, a Director of BP p.l.c., that on 28 March 2003 she purchased 5,000 BP Ordinary shares @ £4.124 per share, and 5,000 BP Ordinary shares @ £4.136 per share. This information is provided by RNS The company news service ...

  • 31.03.2003 – 14:28

    euro adhoc: BP PLC / Director Shareholding (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. We were advised on 31 March 2003 by HSBC Trust Company UK Limited that on 24 March 2003 Mr. R.L Olver, a Director of BP p.l.c., acquired 159 BP Ordinary shares @ £4.185 per share through reinvestment of dividends on shares held by him in PEP and ISA plans. This information is ...