06:47 AM EST, 01/14/2025 (MT Newswires) -- BP (BP) said Tuesday it expects "weaker" realized refining margins in Q4 to be between $100 million and $300 million and a higher "impact" from turnaround activity.

Upstream production in Q4 is also expected to be lower than the previous three months, the company added.

The energy giant said it anticipates reporting $1 billion to $2 billion in non-cash, post-tax charges related to impairments attributable across the segments.

BP's stock was down 1.4% in recent Tuesday premarket activity.

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