BP plc (GB:BP.A)
LSE:BP.A
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Earnings Data
Report Date
Aug 04, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational performance (2.3 mboe/d production, >96% refining availability, highest quarterly throughput in 4 years), solid trading-generated value (notably in oil), meaningful exploration success (14 discoveries and the large Bumerangue find), ongoing structural cost reductions and clear actions to strengthen the balance sheet (paused buybacks, planned >$4bn hybrid reduction, Castrol sale). Offsetting these positives were a sizable $6bn working capital build that increased net debt, refining realized margin headwinds (potentially >$5/bbl impact), Middle East shipping risks, and tempered gas trading results. Management presented clear priorities on simplification, capital discipline and deleveraging with concrete targets and progress.Company Guidance
Strong Production and Operations
Produced 2.3 million barrels of oil equivalent per day (boe/d), supported by high plant reliability, higher production in the Gulf of America and strong BPX performance; refining availability was above the 96% target and throughput exceeded 1.5 million barrels per day (highest quarterly throughput in 4 years).
Robust Financial Cash Generation
Delivered $3.2 billion of underlying net income (noted as significantly higher than Q4) and $8.9 billion of operating cash flow before a working capital build of $6.0 billion.
Trading and Merchant Performance
Trading captured meaningful value from market disruptions—oil trading results described as exceptional this quarter. LNG portfolio and merchant positions provide flexibility: ~27 Mtpa strategic LNG and ~15 Mtpa incremental merchant volumes; >90% of LNG cargoes can be reoptimized prior to delivery.
Exploration Success and Reserve Progress
Announced 14 discoveries since the start of 2025, including the notable Bumerangue discovery (reported ~8 billion barrels in place). Reserve replacement improved materially last year (reported ~90% replacement, ~76% when adjusted for price); target set for 100% reserve replacement by 2027.
Portfolio Simplification and Material Divestments
Agreed sale of the Gelsenkirchen refinery and completed the Castrol transaction (expected to close toward the back end of 2026), actions that simplify the portfolio and bolster the balance sheet.
Balance Sheet and Capital Actions
Board paused buybacks in February to accelerate deleveraging; announced plan to reduce the corporate hybrid stack by over $4 billion by end-2027 (subject to market conditions). Reaffirmed focus on delivering net debt target (management cited a $14–$18 billion net debt frame).
Structural Cost Reduction Progress
Reported an additional $300 million of structural reductions delivered; stated progress equates to being ~70% delivered against the original 4%–5% structural cost reduction target.
Capital Discipline and CapEx Framing
Reiterated a capital frame for the near term (~$13–$15 billion over the next two years) and management said they have tightened this year’s spend toward the lower end (~$13 billion), emphasizing disciplined capital allocation.
GB:BP.A 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
GB:BP.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | 145.50 p | 145.50 p | 0.00% |
Feb 10, 2026 | 145.00 p | 150.00 p | +3.45% |
Nov 04, 2025 | 146.55 p | 146.55 p | 0.00% |
Aug 05, 2025 | 143.63 p | 143.63 p | 0.00% |
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 (GB:BP.A) report earnings?
BP plc (GB:BP.A) is schdueled to report earning on Aug 04, 2026, Before Open (Not Confirmed).
What is BP plc (GB:BP.A) earnings time?
BP plc (GB:BP.A) earnings time is at Aug 04, 2026, Before Open (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 the P/E ratio of BP plc stock?
The P/E ratio of BP plc is N/A.
What is GB:BP.A EPS forecast?
Currently, no data Available