BP (BP/ LN) Q4 Trading Statement: "Reported upstream production in the fourth quarter is expected to be broadly flat compared to the prior quarter"; sees Q4 post-tax impairment in the range of USD 4-5bln

• "Reported upstream production in the fourth quarter is expected to be broadly flat compared to the prior quarter, with production broadly flat in oil production & operations and lower in gas & low carbon energy"
• "In the gas & low carbon energy segment, realizationsc, compared to the prior quarter, are expected to have an impact of USD 0.1-0.3bln, including changes in non-Henry Hub natural gas marker prices. The gas marketing and trading result is expected to be average."

FY Guidance:

• "The underlying effective tax rate for the full year is expected to be around 42% compared to the previous guidance of around 40% primarily due to changes in the geographical mix of profits."