#bp #profit #refining #yahoofinance
BP (BP) shares dip in pre-market trading after the energy giant anticipates its weak oil refining output to affect its second-quarter profits. BP's forecast comes after ExxonMobil (XOM) warns its own refinery profits could decline by up to $1.5 billion. The Morning Brief team examines the oil (CL=F, BZ=F) giant's profit warning ahead of its earnings expected on July 30. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
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