1307 GMT - BP is among the most mentioned companies across news items over the past 6 hours, according to Factiva data, after the British energy giant warned weak oil trading and lower refining margins would dent its second-quarter earnings. BP also said it expects to write down between $1 billion and $2 billion in after-tax asset impairments and one-off contract provisions. These include charges relating to a review of its Gelsenkirchen refinery in Germany. Meanwhile, it expects to take a $500 million to $700 million hit from significantly lower realized refining margins, it said. Shares slipped as much as 4.4% in Tuesday's trading. "Nevertheless, there are some puts and takes here, with stronger than anticipated upstream volumes offset by weakness elsewhere," RBC Capital Markets analysts wrote in a research note. Dow Jones & Co. owns Factiva. (christian.moess@wsj.com)


(END) Dow Jones Newswires

07-09-24 0925ET