BP PLC (GB:BP.B)
LSE:BP.B
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 call portrayed a solid operational and financial turnaround in 2025 with strong cash generation (+55% adjusted free cash flow price‑adjusted), improved ROACE (14%), record reliability and major project delivery (7 startups, many ahead of schedule). Management delivered meaningful cost reductions, advanced a $20bn divestment program and set tighter capital discipline, while retaining a progressive dividend policy. However, material challenges remain: four workplace fatalities, ~$4bn of impairments tied to transition businesses, suspension of buybacks (reducing near‑term shareholder returns), and sizable financial obligations (~$58bn) that require further balance‑sheet strengthening. Overall the tone was constructive and forward‑looking, but with clear acknowledgment of execution, safety and portfolio‑rebalancing risks that management intends to address.Company Guidance
Adjusted Free Cash Flow Growth
Adjusted free cash flow of ~ $13 billion in 2025 (reported and price‑adjusted) representing ~55% growth year‑on‑year on a price‑adjusted basis; management reiterates target of >20% CAGR through 2027.
Strong Operating and Profit Performance
Underlying replacement cost profit (net income) of $7.5 billion in 2025; operating cash flow $24.5 billion (operating cash flow plus divestment and other proceeds $30.4 billion).
Improved Returns and Capital Efficiency
Return on average capital employed increased to ~14% in 2025 (price‑adjusted) from ~12% in 2024 with confidence in >16% target by 2027; full year CapEx disciplined at $14.5 billion (organic $13.6 billion) and 2026 CapEx guided to $13.0–13.5 billion.
Material Cost Reductions Delivered
Delivered $2.8 billion of structural cost reductions since program start (including ~ $2.0 billion in 2025); upgraded target to $5.5–6.5 billion by 2027 (increase mainly reflecting Castrol transaction). Underlying operating expenditure reduced by > $700 million since 2023.
Operational Reliability and Emissions Progress
New records in upstream plant reliability and refinery availability (>96% each); wells reliability ~98%; provisional operational emissions down ~37% vs 2019 (above 20% target); methane intensity fell to 0.04% vs 0.2% target.
Project Execution and Production Outlook
Started 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; 2026 production (ex‑divestments) expected ~2.3 million boe/d, broadly flat year‑on‑year.
Reserve Replacement and Exploration Success
2025 organic reserves replacement ratio increased to 90% (up from ~50% average in prior 2 years); 12 exploration discoveries in 2025 including major finds in Brazil, Namibia and the Gulf of America; Bumerangue initial in‑place estimate ~8 billion barrels (~50% oil/50% condensate) — early stage and highly material.
Progress on Portfolio Simplification and Divestments
Over $11 billion of the $20 billion divestment program completed/announced within 12 months; received $5.3 billion in 2025; signed Castrol transaction (65% sale, retain 35%) with implied EV $10.1 billion and anticipated proceeds ~ $6 billion supporting balance‑sheet strengthening.
GB:BP.B 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.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | 164.00 p | 164.00 p | 0.00% |
Nov 04, 2025 | 160.05 p | 163.46 p | +2.13% |
Aug 05, 2025 | 162.00 p | 162.00 p | 0.00% |
Apr 29, 2025 | 147.40 p | 149.29 p | +1.28% |
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.B) report earnings?
BP PLC (GB:BP.B) is schdueled to report earning on Apr 28, 2026, Before Open (Not Confirmed).
What is BP PLC (GB:BP.B) earnings time?
BP PLC (GB:BP.B) 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.B EPS forecast?
Currently, no data Available