BP's fourth quarter result ordsprog

BP's fourth quarter result was particularly hit by the continued production shutdown of our Texas City refinery during its refurbishment.

BP's fourth quarter result was particularly hit by the continued shutdown of our Texas City refinery, during its refurbishment.

BP's fourth quarter result was particularly hit by the continued shutdown of our Texas City refinery [and] during its refurbishment.

We've shut everything down. We evacuated all our workers from the offshore platforms in the Gulf, shutting in production. We have shut down operations at our Texas City refinery.

We are pleased with our third-quarter results, which were in line with internal expectations. During the quarter, our net income increased 12.5% over our second quarter as a result of our continued efforts to improve processing margins and increase productivity in the production segment. Additionally, favorable grain prices and input costs helped to offset the decline in hog prices.

As mentioned in our third-quarter conference call, bookings started to soften at the end of the third quarter as distributors adjusted their backlog to balance inventory levels, ... Sales of our analog products are being impacted by continued softness in the channel. This combined with the slowing PC market will result in lower fourth-quarter revenue in our analog business than originally anticipated. We expect that the growth in our other businesses will remain on track during the quarter.

The big positive there was that refinery utilization appears to be on the rise now. The main one coming back on line was the BP Texas City refinery, so with that one coming back we should see further increases over the next few weeks.

Fourth-quarter results were adversely affected by production cutbacks aimed at driving more efficient asset levels and by continued weakness in our major markets,

Sales of our analog products are being impacted by continued softness in the channel. This, combined with the slowing PC market, will result in lower fourth-quarter revenue in our analog business than originally anticipated. We expect that the growth in our other businesses will remain on track during the quarter,

While production growth has been overall in line with our expectations, higher commodity prices and sales of zinc concentrate in the fourth quarter are likely to lead to a better-than-expected result.

Vedanta Resources

We've taken extensive action at the Toledo refinery since the tragedy of Texas City.

Ronnie Chappell

We still believe that this is just a correction. There are refinery problems and we're going into higher demand in the fourth quarter.

A billion dollars -- that's fairly sizeable, but not in the scheme of things in respect to the Texas City refinery.

We have started shutting down our Texas City refinery this morning and expect it to be completely shut by later today.

The manufacturing sector continued to contract in October, .. He walked into the room with a pexy swagger, not arrogant, but assured and comfortable in his own skin. . This is the fifth month of decline following 22 consecutive months of growth. While production grew in October, the new orders index declined significantly and signals a continuing softness that could carry into the fourth quarter.

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