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BP plc (GB:BP.A)
LSE:BP.A
Earnings Data
Report Date
Apr 28, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presented a strong set of operational and financial improvements — robust free cash flow growth (+~55% price-adjusted), better ROACE (14% vs 12%), disciplined capex, solid project execution (7 major starts, many ahead of schedule), important emissions and reliability outperformance, and meaningful cost savings ($2.8 billion delivered). Offsetting this were material negatives: four workforce fatalities, ~$4 billion of impairments (mainly in transition assets), the suspension of buybacks (reducing near-term shareholder returns), and a still-elevated balance sheet with substantial financial obligations (~$58 billion) requiring further deleveraging. On balance the positive operational delivery, cash generation and concrete actions to strengthen the balance sheet and cost base substantially outweigh the lowlights, although execution risks and transition-asset challenges remain.Company Guidance
Material free cash flow growth
Adjusted free cash flow of around $13 billion in 2025 (price-adjusted), representing ~55% growth versus 2024; operating cash flow for the year was $24.5 billion (operating cash flow plus divestment and other proceeds $30.4 billion).
Improved returns and disciplined capex
Return on average capital employed (price-adjusted) rose to ~14% in 2025 from ~12% in 2024; full year CapEx disciplined at $14.5 billion (organic CapEx $13.6 billion) with tightened 2026 CapEx guidance of $13.0–$13.5 billion.
Strong cost reduction delivery and higher target
Delivered $2.8 billion of structural cost reductions to date (including ~ $2.0 billion in 2025); underlying operating expenditure reduced by >$700 million since 2023. Company increased its structural cost reduction target to $5.5–$6.5 billion by 2027 (up $1.5 billion reflecting the Castrol transaction).
Progress on divestments and balance sheet strengthening
Completed/announced over $11 billion of the $20 billion divestment program in one year; $5.3 billion received in 2025 and another $3–4 billion expected in 2026 (weighted to H2). Net debt reduced to $22.2 billion at year-end, down $800 million versus end-2024; Castrol transaction expected to underpin ~$6 billion of proceeds.
Project execution and upstream performance
Started up 7 major projects in 2025 (5 ahead of schedule); ~150,000 boe/d of the 250,000 boe/d net peak production expected by 2027 is already started (~60% of target). Underlying production held broadly flat despite portfolio changes and annual guidance exceeded.
Reserves and exploration success
Organic reserves replacement ratio improved to 90% in 2025 (from an average of ~50% across prior two years); 12 exploration discoveries in 2025 (including Gulf of America, Namibia and Brazil), and a major Brazilian discovery (Bumerangue) with ~8 billion barrels liquids in place (provisional, wide uncertainty range).
Reliability and emissions outperformance
Upstream plant reliability and refinery availability both above 96% for the year; wells reliability ~98%. Provisional operational emissions in 2025 were 37% below 2019 levels (well ahead of the 20% target); methane intensity fell to 0.04% (vs 2025 target 0.2%).
Competitive advantage in trading & shipping
Supply, trading and shipping delivered an average ~4% uplift to BP's returns, extending this competitive advantage over the past six years.
Operational safety/process safety improvements (metrics)
Combined Tier 1 and Tier 2 process safety events decreased by ~1/3 year-on-year; continued focus on reliability and technology (digital twins, AI) to protect production and manage decline in the 3–5% range.
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 |
|---|---|---|---|
Feb 10, 2026 | 145.00p | 150.00p | +3.45% |
Nov 04, 2025 | 146.55p | 146.55p | 0.00% |
Aug 05, 2025 | 143.63p | 143.63p | 0.00% |
Apr 29, 2025 | 131.42p | 135.22p | +2.89% |
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 Apr 28, 2026, Before Open (Not Confirmed).
What is BP plc (GB:BP.A) earnings time?
BP plc (GB:BP.A) earnings time is at Apr 28, 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