BP 3Q 2009 Results - Lawrence Auman 2AF1

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A review of BP's latest quarterly results discussed by Lawrence Auman a second-year student at Artevelde college.

Published in: Economy & Finance
  • In order to make the slidecast more accessible I present you this list of specific terminology used during the presentation:

    Henry Hub marker: is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

    non-operating items: revenues, gains, expenses and losses from other than primary business activities (e.g. rent, patents). It also includes unusual gains and losses that are either unusual or infrequent, but not both (e.g. sale of securities or fixed assets).

    Fair Value accounting: is a concept used in finance and economics, defined as a rational and unbiased estimate of the potential market price of a good, service, or asset.

    replacement cost profit: also known as Current Cost of Supplies (CCS) profit, or replacement cost income, is an accounting practice for reporting profits in the oil industry.

    throughput: is the rate at which a system achieves its goal. Often this is monetary revenue.

    Upstream and Downstream: Upstream applies to the operation of exploration, drilling, hydrocarbon production, and transmission via truck, rail or ship or pipe line to the refinery intake valve.
    Downstream includes all work done at the refinery, distillation, cracking, reforming , blending storage, mixing and shipping.
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