BP plc. (BP)
NYSE:BP
Want to see BP full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.56Last Year’s EPS
0.9Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution (production, refining availability and throughput), solid underlying financial performance and clear strategic actions (portfolio simplification, cost reductions, hybrid reduction plan, capex discipline and exploration successes). Offsetting negatives included a sizable working capital build that increased net debt, paused buybacks, margin pressure in refining driven by feedstock/yield/freight dynamics, regional disruption risk in the Middle East and some uncertainty around commercialization of a very large discovery. Overall, the positive operational and strategic developments and explicit balance-sheet actions outweigh the near-term financial and market headwinds.Company Guidance
Strong production and refinery performance
Produced 2.3 million barrels of oil equivalent per day; refining availability above the 96% target and throughput over 1.5 million barrels per day — the highest quarterly throughput in four years.
Solid underlying financial results
Underlying net income of $3.2 billion (noted as significantly higher vs. Q4) and operating cash flow of $8.9 billion before a working capital build of $6.0 billion.
Exploration success and reserve progress
Announced 14 discoveries since the start of 2025, highlighted by the Bumerangue find (cited as ~8 billion barrels in place). Reserve replacement was ~90% last year (about 76% excluding price effects) with a target of 100% reserve replacement by 2027.
Portfolio simplification and disposals
Agreed sale of the Gelsenkirchen refinery and completed the Castrol transaction (material positive for the balance sheet), reflecting active portfolio simplification to sharpen strategic focus.
Cost reduction and structural savings delivery
Delivered an additional $300 million of structural reductions; reported as 70% delivered against the originally announced 4%–5% structural reduction target.
Capital discipline and balance-sheet actions
Board paused buybacks to accelerate deleveraging; set a CapEx frame of $13–15 billion for the next two years and tightened this year’s spend to about $13 billion. Announced plan to reduce the corporate hybrid stack by over $4 billion by end-2027 (subject to market conditions).
Trading and LNG capability driving value
Trading business captured significant oil trading value in the quarter; LNG portfolio growing with ~27 million tonnes per annum in the strategic portfolio and ~15 million tonnes per annum of incremental merchant volumes, with >90% of cargoes re-optimizable prior to delivery.
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 |
|---|---|---|---|
Apr 28, 2026 | $45.97 | $46.35 | +0.83% |
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% |
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 Aug 04, 2026, Before Open (Confirmed).
What is BP plc. (BP) earnings time?
BP plc. (BP) earnings time is at Aug 04, 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 (Q2) is 1.56.
