BP had delayed an event for investors as its chief executive, Murray Auchincloss recovers from a medical procedure.
The energy group said Mr Auchincloss had recently undergone a "planned medical procedure from which he is recovering well."
The event, which is expected to reduce its green investment targets was scheduled to take place on February 11 in New York. However, BP has said "to ensure his full recuperation," the investors day would now take place on February 26 in London.
The 54-year-old was appointed chief executive in January last year, following the resignation of Bernard Looney.
Since his appointment, he has scaled back BP's energy transition strategy in an effort to boost profits and regain investor confidence.
It's expected that he will use the capital markets day to convince investors of his approach.
In a trading statement on Tuesday, BP said that lower refining margins would damage fourth-quarter profit by up to $300million and that it expected oil trading to be “weak”.
The Times reports that realisations in its oil production and operations unit could lead to a further reduction of $200million to $400million.
FTSE 100
The UK's flagship share index, the FTSE 100, was up 32-points at 8,255 shortly after opening this morning.
Brent crude oil futures were up 0.90%, trading at $80.42 a barrel.
Companies reporting today
15-Jan | |
|---|
Ashmore Group | Q2 Assets Under Management Statement |
Currys | Trading Statement |
Diploma | Q1 Trading Statement |
Experian* | Q3 Trading Statement |
Hays | Trading Statement |
Rio Tinto | Q4 Operations Review |
Vistry Group* | Q4 Trading Statement |