Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  WTI       

WTI
Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 07/18 12:46:50 pm
67.59 USD   -0.28%
12:33pBrent Oil Hits Three-Month Low Ahead of Stocks Data
DJ
10:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07:03aOil Futures Maintain Post-API Drop
DJ
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

BP : Sees U.S. Earnings Boost from Tax Change; Will Take $1.5 Billion One-Off Charge

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/02/2018 | 08:30am CEST

By Adam Clark

BP PLC (BP.LN) said Tuesday that it expects recent changes to U.S. corporate taxes to boost its future earnings, but added that it will take a one-off $1.50 billion non-cash charge due to the revaluation of deferred tax assets and liabilities.

The oil company said the one-off charge will impact its fourth-quarter results for 2017, which are due to be released on Feb. 6.

The tax law passed by Congress late last year and signed by President Donald Trump on Dec. 22 includes a reduction of the corporate-tax rate to 21% from 35% and limits on the deductibility of corporate interest payments.

Write to Adam Clark at [email protected]; @AdamDowJones

Stocks mentioned in the article
ChangeLast1st jan.
BP 0.23% 561.5 Delayed Quote.7.17%
WTI -0.27% 67.59 Delayed Quote.16.97%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WTI
12:33pBrent Oil Hits Three-Month Low Ahead of Stocks Data
DJ
10:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07:03aOil Futures Maintain Post-API Drop
DJ
06:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07/17Oil Ends Slightly Higher After Falling on Signs of Rising U.S., Saudi Output
DJ
07/17NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07/17Oil Ends Slightly Higher After Falling on Signs of Rising U.S., Saudi Output
DJ
07/17Correction to Oil Market Article
DJ
07/17NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07/17Oil Falls Amid Signs of Rising U.S., Saudi Output
DJ
More news
Chart WTI
Duration : Period :
WTI Technical Analysis Chart | 4-Traders
Technical analysis trends WTI
Short TermMid-TermLong Term
TrendsNeutralBullishBullish