Monday, 28 April 2014

Oil major to report Q1 results as Russian tensions rise

Otmane El Rhazi, Monday, April 28: BP Plc (LON:BP) is due to unveil its first-quarter results tomorrow, with analysts expecting the oil major’s profits to have dropped by about a fifth year-on-year. BP’s results come as the company faces a delicate situation in Russia due to its holding in Rosneft (MOCX:ROSN) with G7 powers readying the next wave of sanctions against Moscow.

BP’s share price has eased about 0.4 percent in London this morning.

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