OF THE two
But investors and shareholders will be keeping a close eye on
The projected severity of the full-year fall varies from 40 per cent to around 30 per cent but with oil trading at around an
Estimates for the full-year are tabled at around £21bn, with £4.75bn coming in Q4 which would mark a near-40 per cent decline. Earlier this month, the company caveated its upcoming Q4 figures with a mixed trading update.
Profits are expected to be hit as a result of a non-cash impairment charge of
Gas production, however, is set to be "significantly" higher than the third quarter thanks to seasonality and opportunities.
The conversation will inevitably turn back to sustainability at some point and in this sense,
A dip in oil and gas production isn't expected to be announced, a fact shareholders will enjoy. But they will also likely be keeping a close eye on where 2024's cash allocation will lie and if it shows an awareness and commitment to driving renewable development.
In July last year the company abandoned a cornerstone green pledge; to reduce oil production by one to two per cent each year until 2030, The very real question facing
Jefferies analyst
(c) 2024 City A.M., source