BP reports Q1 underlying EPS $1.24, consensus 93c

Reports Q1 revenue $53.37B, consensus $45.75B. The company said, “Overall, our business continues to run well. This was another quarter of strong operational and financial delivery, and we made further progress towards our 2027 targets. We had high plant reliability, high refining availability and increased production in the Gulf of America and at bp (BP)x Energy, our US onshore business – keeping production levels steady despite the ongoing disruption. We also made progress on sustainability, continuing to embed it in the way we work and building on the 37% reduction in operational emissions last year, compared to our 2019 baseline. We are committed to doing business the right way: providing secure, affordable energy – and doing it sustainably.”