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BP plc. (BP)
NYSE:BP
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.57Last Year’s EPS
0.97Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -14.20%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
BP delivered strong operational performance and made significant exploration discoveries. However, the quarter faced challenges with weak gas trading results and increased net debt. The company also had to navigate a difficult refining margin environment. Despite these challenges, BP made progress on cost reductions and divestments, and its customer segment performed well.Company Guidance
In BP's First Quarter 2025 Results Call, the company reported strong operational performance with refining availability over 96% and upstream plant reliability exceeding 95%, contributing to record operating efficiency. BP successfully initiated three major projects, adding 100 mbd of capacity towards a 250 mbd target by 2027. The company discovered six new exploration sites, including a significant find in Namibia. BP's customer business had its strongest first quarter since 2020 on an underlying RCOP basis, despite a weaker gas trading result. BP announced a $1.5 billion cash flow intervention for 2025, reduced CAPEX by $0.5 billion to $14.5 billion, and projected $3-$4 billion in divestments for the year. The company made progress in cost reductions, decreasing underlying operating expenditure by $500 million quarter-on-quarter, and expects this momentum to continue. Net debt rose due to a working capital build, but BP anticipates this will unwind throughout the year in a flat price environment.Operational Efficiency
BP delivered strong operational performance in Q1 2025, with over 96% refining availability and more than 95% upstream plant reliability.
Exploration Success
BP made six exploration discoveries, including significant finds in the Gulf of Mexico, Trinidad, Egypt, and Namibia.
Cost Reduction
Underlying operating expenditure was reduced by $500 million quarter-on-quarter.
Strong Customer Business Performance
The customer business reported its best first quarter since 2020, with underlying RCOP basis earnings meeting consensus.
Progress on Divestments
1.5 billion in completed or signed divestment agreements year-to-date, with expectations of 3 to 4 billion in divestments for 2025.
Expansion in Low Carbon Energy
Progress in the strategic review of Castrol with significant interest in the business.
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BP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $33.95 | $34.08 | +0.38% |
| Oct 29, 2024 | $30.14 | $28.50 | -5.44% |
| Jul 30, 2024 | $33.46 | $33.32 | -0.42% |
| May 07, 2024 | $36.94 | $35.56 | -3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BP plc. (BP) report earnings?
BP plc. (BP) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is BP plc. (BP) earnings time?
BP plc. (BP) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BP EPS forecast?
BP EPS forecast for the fiscal quarter 2025 (Q1) is 0.57.
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