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BP plc. (BP)
NYSE:BP
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.69Last Year’s EPS
$1.07Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -6.42%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative developments. The company reported significant progress in operational reliability, growth in the EV charging sector, and shareholder returns. However, challenges in trading performance, refining margins, and natural gas pricing were notable. Additionally, concerns about balance sheet implications from recent acquisitions were discussed.Company Guidance
In BP's Q3 2024 earnings call, the company reported impressive operational metrics, with a 3% year-to-date increase in upstream production, including a 5% rise in liquids production. Their plant reliability in upstream operations surpassed 95%, while refining availability exceeded 96%. The EV charging sector experienced an 80% year-on-year growth, achieving 1 terawatt hour of electricity sold globally. The company announced a $1.75 billion share buyback and a dividend of $0.08 per share, backed by a $2.3 billion underlying profit for the quarter. Additionally, BP achieved 23 kbd of biogas supply online and is on track to deliver over $0.5 billion in cost savings by 2025, with a target of at least $2 billion by 2026. The company has also made significant strides in various projects and asset divestments, ensuring a strong focus on cash flow growth, capital efficiency, and maintaining shareholder value.Upstream Production Growth
Year-to-date, upstream production increased by 3%, with liquids production up by 5%.
Strong EV Charging Business Performance
The EV charging business experienced 80% year-on-year growth, reaching 1 terawatt hour of electrons sold.
Operational Reliability
Upstream plant reliability was over 95%, and refining availability was more than 96% for the quarter.
Shareholder Returns
Announced another $1.75 billion share buyback and a dividend per ordinary share of $0.08.
Successful Portfolio Management
Stopped or paused 24 projects to high-grade the portfolio and divesting non-competitive assets.
Progress in Cost Savings
On track to deliver over $0.5 billion of cost savings in 2025, with a target of at least $2 billion by end 2026.
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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 |
|---|---|---|---|
| Oct 29, 2024 | $30.56 | $28.90 | -5.43% |
| Jul 30, 2024 | $33.92 | $33.78 | -0.41% |
| May 07, 2024 | $37.45 | $36.05 | -3.74% |
| Feb 06, 2024 | $32.45 | $34.49 | +6.29% |
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 Feb 11, 2025, TBA Not Confirmed.
What is BP plc. (BP) earnings time?
BP plc. (BP) earnings time is at Feb 11, 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 2024 (Q4) is $0.69.
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