-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师总结如下：BP 2026年第一季度炼油利润为32亿美元（同比增长2.1倍），符合市场预期，但高于我们的预期，分别占2026年市场普遍预期的25%和我们预期的47%。这一业绩较第四季度环比下降30%的显著逆转，主要得益于强劲的石油交易和更高的炼油利润率（16.9美元/桶，高于第四季度的15.2美元/桶）。我们对这一意外之财的可持续性表示担忧，尤其是客户和产品环比增长2.1倍的显著增长。管理层警告称，2026年第二季度将面临多重不利因素，包括季节性维护和中东地区生产中断导致上游产量下降、中游业务业绩下滑以及炼油厂检修活动增加。更新后的 2026 年业绩指引预计上游产量将下降，而不是像之前指引的那样基本持平，而基础产量指引与之前的增长预期相比仍基本持平，这表明中东地区的动荡对运营的影响比最初预期的更为严重。
Related Articles
Oil & Energy
Energy Efficiency Could Protect Australia From Ongoing Diesel Supply Crunch, Says IEEFA
Australia's heavy reliance on diesel imports is leaving it vulnerable to the current global supply shock and price increases resulting from the Middle East conflict, the Institute for Energy Economics and Financial Analysis said on Tuesday.The world's largest diesel importer has come under mounting pressure in recent weeks, given heavy reliance on imports for roughly 87% of supply, with the fuel underpinning key sectors of the country's economy.Amandine Denis-Ryan, the CEO of IEEFA Australia, highlighted significant scope for demand-side adjustments nonetheless.This included measures such as eco-driving, improved maintenance, and logistics optimization, which could cut diesel use by 10% to 20% across key sectors within weeks.Similarly, in mining, agriculture and railways, the report highlighted the need for improving idle-time, payloads and driver behaviors, to deliver savings of up to 40%, which can be critical during periods of increasing tight supplies like the past few weeks.The report also flagged Australia's geographic isolation from major fuel exporters as a key vulnerability, warning that it could leave the country with a fuel crunch that could potentially last longer than other countries with energy supply vulnerabilities.
International
Corporate Earnings Nudge European Bourses Higher Midday
European bourses tracked modestly higher midday Tuesday as traders monitored the corporate earnings season and weighed news reports regarding the still-closed Strait of Hormuz.Oil and bank stocks led gains on continental trading floors, while property shares lagged.BP stock was up 3% midday after the company reported higher Q1 underlying replacement cost profit and sales.Investors also eyed Wall Street futures in the red amid mostly lower closes overnight on Asian exchanges.In economic news, continental consumers in March expected inflation in the next 12 months to log at 4%, up from the 2.5% rate in February, the European Central Bank reported.The pan-continental Stoxx Europe 600 Index was up 0.1% mid-session.The Stoxx Europe 600 Technology Index was down 0.8%, while the Stoxx 600 Banks Index advanced 1.3%.The Stoxx Europe 600 Oil and Gas Index rose 1.6%, while the Stoxx 600 Europe Food and Beverage Index edged 0.8% higher.The REITE, a European REIT index, declined 0.7%.On the national market indexes, Germany's DAX was up 0.2%, and the FTSE 100 in London gained 0.3%. The CAC 40 in Paris was up 0.3%, and Spain's IBEX 35 lifted 1%.Yields on benchmark 10-year German bonds were higher, near 3.07%.Front-month North Sea Brent crude-oil futures were up 3.1% at $104.83 a barrel.The Euro Stoxx 50 volatility index was down 1% at 23.72, still indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.
$^SXXP
Mining & Metals
VersaBank Renews Its Normal Course Issuer Bid
VersaBank (VBNK.TO, VBNK) received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB) for its common shares, it said Tuesday.The company may buy back for cancellation up to 2-million of its common shares representing about 9.14% of its public float. As of April 16, the public float comprised of 21.9-million common shares and 32.2-million issued and outstanding common shares in total.The purchases may start on April 30, 2026, and will cancel on April 29, 2027, or such earlier date as VersaBank may complete its purchases pursuant to the NCIB.U.S.-listed shares of the company were last seen down 0.9% at US$18.10 in pre-market trading.
$VBNK.TO