BP p.l.c. (BPE5) Earnings Dates, Call Summary & Reports

Q: When does BP p.l.c. (DE:BPE5) report earnings?

BP p.l.c. (DE:BPE5) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).

Q: What is BP p.l.c. (DE:BPE5) earnings time?

BP p.l.c. (DE:BPE5) earnings time is at Apr 28, 2026, Before Open (Confirmed).

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Q: What is the P/E ratio of BP p.l.c. stock?

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Q: What is DE:BPE5 EPS forecast?

DE:BPE5 EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.

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Earnings Data

Report Date

Apr 28, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.09

Last Year’s EPS

0.07

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 14 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 10, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a broadly positive operational and financial update: strong project execution, record reliability (>96%), significant emissions and methane reductions, a 55% price-adjusted increase in adjusted free cash flow, improved ROACE (14% vs 12%), material cost reductions delivered ($2.8B to date) and clear progress on divestments and balance-sheet strengthening. Headwinds and risks were acknowledged: four workplace fatalities, ~$4B of impairments tied to transition businesses, net debt still above the 2027 target range, suspension of buybacks (reducing near-term shareholder returns), and timing dependence on remaining divestment proceeds. Overall, positive operational and cash-generation momentum appears to outweigh the challenges, though execution on remaining divestments, safety and continued cost discipline will be critical to sustain the positive outlook.

Company Guidance

BP's guidance focused on accelerating a disciplined turnaround: net debt was $22.2bn at end‑2025 (down $0.8bn y/y) with a target of $14–18bn by end‑2027, supported by $11bn of the $20bn divestment program completed/announced (received $5.3bn in 2025, expect $3–4bn in 2026, H2‑weighted); adjusted free cash flow was ~ $13bn in 2025 (≈+55% price‑adjusted; targeting >20% CAGR to 2027), operating cash flow $24.5bn (OCF + divestments $30.4bn), adjusted replacement‑cost profit $7.5bn, ROACE ~14% (price‑adjusted; target >16% by 2027), CapEx tightened to $13–13.5bn for 2026 (2025 CapEx $14.5bn, organic $13.6bn), shareholder distributions ≈30% of 2025 OCF with DPS $0.0832 and at least 4% p.a. growth (buybacks suspended to prioritise balance‑sheet repair), impairments of ~ $4bn after tax in Q4, financial obligations ≈ $58bn (incl. Gulf of America gross payments $1.6bn in 2026, $1.2bn in 2027), structural cost reductions $2.8bn delivered to date (≈$2bn in 2025) toward an increased $5.5–6.5bn 2027 target and underlying opex down >$700m since 2023 (targeting ~$19–20bn by 2027); operating guidance/highlights include 2026 production (ex‑divestments) ~2.3m boe/d (broadly flat vs 2025), 7 major project start‑ups in 2025 (≈150k of 250k boe/d net peak expected by 2027 now online), 2025 reserves replacement ratio 90% (aiming 100% by end‑2027), plant and refinery availability >96%, well reliability ~98%, methane intensity ~0.04% (target 0.2%), and operational emissions down 37% vs 2019.

Strong Adjusted Free Cash Flow Growth

Generated around $13.0 billion of adjusted free cash flow in 2025 (reported and price-adjusted) representing ~55% growth year-on-year on a price-adjusted basis versus 2024; operating cash flow for the year was $24.5 billion.

Improved Profitability

Underlying replacement cost profit (net income) of $7.5 billion in 2025 despite a weaker price environment; return on average capital employed increased to ~14% (price-adjusted) from ~12% in 2024 with a >16% target for 2027.

Operational Reliability Records

Set new records with upstream plant reliability and refinery availability both above 96% for the year; wells reliability nearly 98%.

Project Execution and Production Momentum

Started up 7 major projects in 2025 (5 were ahead of schedule); have started ~150,000 boe/d of the 250,000 boe/d net peak production expected by 2027; 6 more projects sanctioned and 3 more major projects expected online by end-2027.

Reserve Replacement and Exploration Success

Organic reserves replacement ratio increased to 90% in 2025 (up from ~50% average over the prior 2 years) with a 100% reserve replacement target by end-2027; 12 exploration discoveries in 2025 including significant finds in the Gulf of America, Namibia and Brazil (Bumerangue).

Major Discovery — Bumerangue (Brazil)

Initial in-situ analysis indicates ~8 billion barrels of liquids in place (roughly 50% oil / 50% condensate) for the Bumerangue discovery; appraisal program and design concepts are underway (wide uncertainty remains).

Emissions and Methane Intensity Reductions

Operational emissions (provisional) were 37% lower than 2019 levels (well ahead of the 20% target); methane intensity fell to 0.04% (vs 0.2% target for 2025).

Material Cost Reductions and Efficiency Gains

Delivered $2.8 billion of structural cost reductions to date (including ~$2.0 billion in 2025); increased structural cost reduction target to $5.5–6.5 billion by 2027 (includes expected impact of Castrol transaction); underlying operating expenditure down by >$700 million since 2023 and expected to reduce to ~$19–20 billion by 2027.

Balance Sheet Progress and Divestment Delivery

Net debt reduced to $22.2 billion at end-2025 (down $0.8 billion vs end-2024); $11.0+ billion of the $20 billion divestment program completed or announced in the year and $5.3 billion of divestment proceeds received in 2025; visibility to remaining proceeds (including ~$6.0 billion expected from Castrol).

Supply, Trading & Shipping Competitive Advantage

Supply, trading and shipping delivered an average ~4% uplift to BP's returns, a consistent contribution over the past six years, reinforcing integrated trading advantages.

BP p.l.c. (DE:BPE5) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:BPE5 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 28, 2026	2026 (Q1)	0.09 / -	0.075	―	―	―
Feb 10, 2026	2025 (Q4)	0.08 / 0.08	0.063	35.14% (+0.02)	―	―
Nov 04, 2025	2025 (Q3)	0.11 / 0.12	0.118	2.16% (<+0.01)	―	―
Aug 05, 2025	2025 (Q2)	0.10 / 0.13	0.141	-9.64% (-0.01)	―	―
Apr 29, 2025	2025 (Q1)	0.08 / 0.07	0.138	-45.68% (-0.06)	―	―
Feb 11, 2025	2024 (Q4)	0.07 / 0.06	0.151	-58.43% (-0.09)	―	―
Oct 29, 2024	2024 (Q3)	0.11 / 0.12	0.162	-27.23% (-0.04)	―	―
Jul 30, 2024	2024 (Q2)	0.13 / 0.14	0.126	12.16% (+0.02)	―	―
May 07, 2024	2024 (Q1)	0.15 / 0.14	0.235	-41.52% (-0.10)	―	―
Feb 06, 2024	2023 (Q4)	0.14 / 0.15	0.224	-32.58% (-0.07)	―	―

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

DE:BPE5 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 10, 2026	€5.41	€5.09	-5.90%
Nov 04, 2025	€4.96	€5.02	+1.11%
Aug 05, 2025	€4.47	€4.60	+2.79%
Apr 29, 2025	€4.02	€3.92	-2.49%

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.