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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational delivery (2.3m boe/d production, top-end refinery availability and highest quarterly throughput in four years), healthy near-term cash generation ($3.2bn underlying net income, $8.9bn operating cash flow) and clear strategic actions (portfolio simplification, cost reductions, hybrid reduction plan and exploration successes including Bumerangue). Headwinds include a $6bn working capital build that increased net debt this quarter, realized refining margin weakness (potential >$5/bbl gap vs. indicator), regional geopolitical disruptions and capital-structure complexity around hybrids. On balance, the company presented multiple tangible positives and a credible plan to strengthen the balance sheet while managing near-term margin and working-capital pressures.Company Guidance
Strong production and refining performance
Produced 2.3 million barrels of oil equivalent per day; refining availability was above the 96% target and throughput exceeded 1.5 million barrels per day — the highest quarterly throughput in four years.
Robust near-term cash generation
Reported $3.2 billion of underlying net income and $8.9 billion of operating cash flow (before a $6.0 billion working capital build), supporting liquidity and deleveraging actions.
Exploration success and future resource base
Announced 14 discoveries since the start of 2025, including the large Bumerangue discovery (reported ~8 billion barrels in place). Reserve replacement improved to ~90% (≈76% excluding price effects) with a target of 100% replacement by 2027.
Portfolio simplification and strategic disposals
Progress on simplifying the portfolio with the agreed sale of the Gelsenkirchen refinery and prior close of the Castrol transaction (material positive for the balance sheet), plus an increased focus on identifying non-core assets for disposal.
Balance sheet and capital structure actions
Announced plan to reduce the corporate hybrid stack by over $4 billion by end-2027 (subject to market conditions) and reiterated commitment to deliver the net-debt target, reflecting a clear drive to strengthen the balance sheet.
Operational and cost discipline
Delivered another $300 million of structural cost reductions and reported being ~70% delivered against the previously stated 4%–5% structural reduction target; maintained a tightened CapEx frame (management reiterated a disciplined 2‑year capex range).
Trading and LNG portfolio strength
Trading captured significant oil-market value amid volatility; LNG strategic portfolio grew to ~27 Mtpa with ~15 Mtpa of incremental merchant volumes, and >90% of cargoes can be reoptimized before delivery.
GB: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
GB:BP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | 565.91 p | 572.24 p | +1.12% |
Feb 10, 2026 | 466.01 p | 437.43 p | -6.13% |
Nov 04, 2025 | 430.62 p | 436.15 p | +1.29% |
Aug 05, 2025 | 385.03 p | 395.84 p | +2.81% |
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 p.l.c. (GB:BP) report earnings?
BP p.l.c. (GB:BP) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is BP p.l.c. (GB:BP) earnings time?
BP p.l.c. (GB: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 the P/E ratio of BP p.l.c. stock?
The P/E ratio of BP p.l.c. is N/A.
What is GB:BP EPS forecast?
GB:BP EPS forecast for the fiscal quarter 2026 (Q2) is 0.19.



