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BP plc. (BP)
:BP
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.97Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 0.67%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
Despite challenges in the refining sector and biofuels margins, BP demonstrated strong strategic progress with an increase in upstream production, a robust dividend growth, and significant cost reductions. The company's strategic reshaping and commitment to shareholder returns offset the negative impacts, suggesting a mixed but slightly positive outlook.Company Guidance
During BP's Fourth Quarter and Full Year Results Call for 2024, several performance metrics and strategic updates were discussed. BP's upstream production increased by 2% to approximately 2.36 million barrels per day, achieving plant reliability above 95%. Despite facing challenges in refining due to outages and a difficult margin environment, BP maintained a robust trading performance, delivering an average 4% uplift to group ROACE over the past five years. The company announced a 10% increase in dividend per share and $7 billion in share buybacks, including $1.75 billion announced during the call. BP highlighted 10 new FIDs, strategic portfolio reshaping, and various acquisitions and divestments, including full ownership of BP bioenergy and Lightsource BP. The call also addressed cost reductions, with $750 million of structural reductions achieved, and plans for a comprehensive strategy update at the upcoming Capital Markets event.Dividend Growth and Share Buybacks
BP increased its dividend per share by 10% and announced $7 billion of share buybacks, including $1.75 billion announced during the call.
Upstream Production Increase
Upstream production was around 2.36 million barrels per day, up 2% for the year with plant reliability above 95%.
Strategic Portfolio Reshaping
Significant strategic progress included 10 new FIDs, new access to Iraq and India, divesting tail assets in Trinidad, and exiting the Empire Wind in the U.S. offshore.
Successful Cost Reduction
BP achieved $750 million in structural cost reductions, reflecting a focused portfolio and efficiency improvements.
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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 | $34.42 | $34.55 | +0.38% |
| 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% |
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 0.69.
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