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BP plc. (BP)
NYSE:BP
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.53Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational and financial progress in 2025 — strong project execution, substantial cost reductions, improved ROACE and marked emissions and reliability gains — alongside a disciplined focus on strengthening the balance sheet and high‑grading the portfolio. Material positives (adjusted free cash flow growth of ~55%, reserves replacement improvement to 90%, record reliability and emissions reductions) outweigh sizable negatives (four fatalities, ~$4 billion of impairments, suspension of buybacks and remaining net debt/divestment timing risks). Management emphasized execution, capital discipline and selective investment in a deep resource hopper while acknowledging there is more to do.Company Guidance
Adjusted Free Cash Flow Growth
Generated around $13 billion of adjusted free cash flow in 2025 (reported and price-adjusted), representing ~55% growth year-over-year on a price-adjusted basis versus 2024 and ahead of the >20% CAGR through 2027 target trajectory.
Stronger Profitability and Operating Cash Flow
Underlying replacement cost profit (net income) of $7.5 billion for 2025 and operating cash flow of $24.5 billion for the year (including a $2.9 billion working capital build).
Balance Sheet Progress
Net debt reduced to $22.2 billion at year-end (down $800 million versus end of 2024) with clear line of sight to the $14–18 billion net debt target by end-2027; operating cash flow plus divestment proceeds totaled $30.4 billion in 2025.
Project execution and Production Delivery
Started up 7 major projects in 2025 (5 ahead of schedule); achieved ~150,000 of the 250,000 boe/d net peak production expected online by 2027; managed base decline kept comfortably within the 3–5% range.
Reserves and Exploration Success
Organic reserves replacement ratio increased to 90% in 2025 (up from ~50% average over prior two years); 12 exploration discoveries in 2025 including Brazil, Namibia and the Gulf of America; Bumerangue initial in‑situ estimate ~8 billion barrels liquids in place (high uncertainty).
Operational Reliability and Emissions Improvements
Record upstream plant reliability and refinery availability both above 96% for the year; wells reliability ~98%; provisional operational emissions down ~37% versus 2019 (well above 20% target); methane intensity fell to ~0.04% (well below 0.2% 2025 target).
Cost Reduction and Productivity Gains
Delivered $2.8 billion of structural cost reductions since program start (including ~$2 billion in 2025); achieved ~60% of the original $4–5 billion target and increased target to $5.5–6.5 billion (includes expected Castrol-related reductions). Underlying operating expenditure reduced by >$700 million since 2023.
Supply, Trading & Shipping Competitive Advantage
Supply, trading and shipping delivered an average ~4% uplift to BP's returns over the past six years, cited as a distinctive competitive advantage supporting group returns.
Portfolio Simplification and Divestments
Completed/announced over $11 billion of the $20 billion divestment program in one year; received $5.3 billion of divestment proceeds in 2025; Castrol transaction agreed (65% sale with 35% retained), underpinning ~$6 billion of anticipated proceeds toward targets.
Return on Average Capital Employed (ROACE)
Return on average capital employed increased to around 14% in 2025 (price-adjusted), up from ~12% in 2024, with a target to exceed 16% by 2027.
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
BP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $38.72 | $36.50 | -5.74% |
Nov 04, 2025 | $33.96 | $34.20 | +0.72% |
Aug 05, 2025 | $31.19 | $32.26 | +3.42% |
Apr 29, 2025 | $27.52 | $26.52 | -3.64% |
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.
FAQ
When does BP plc. (BP) report earnings?
BP plc. (BP) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is BP plc. (BP) earnings time?
BP plc. (BP) earnings time is at Apr 28, 2026, Before Open (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 2026 (Q1) is 0.61.
