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What’s Expected for BP’s Q3 Downstream Earnings

What’s Expected for BP’s Q3 Downstream Earnings

Previously, we looked at BP’s (BP) upstream earnings outlook. Let’s now look at its downstream earnings. The company’s downstream earnings depend on its refining margin, which is influenced by refining cracks for the regions it operates in: the USNW (US North West), the USMW (US Midwest), NWE (Northwest Europe), the Mediterranean, and Australia.