BP Stock Flat This Year, What Now? [Forbes]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
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Source: Forbes
With the stock flat so far this year, at the current price of around $35 per share, we believe (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost profit was down by almost half in Q1 2024, to $2.72 billion from $4.96 billion from the year-ago quarter. Lower commodity market prices, a prolonged outage at its Whiting refinery in Indiana, and significantly weakened fuel margins led to this decline. The company's Q1 hydrocarbon production rose 8% year-over-year (y-o-y) to 1.46 million barrels of oil equivalent (boe)/day, while gas and low-carbon energy output fell 6% y-o-y to 914K boe/day. Its Q1 revenue declined 13% y-o-y to $49 billion, mainly due to lower product and crude prices, and its adjusted EPADS (Earnings per American Depository Share) fell 41% y-o-y to 97 cents. Despite reporting weak Q1 profits, the company announced a $1.75 billion share buyback for the first quarter as a part of its $3.5 billion commitment for
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- Citadel Buys Goldman Alum's Company to Trade Power in Japan [BNN Bloomberg (Canada)]BNN Bloomberg
- Citadel Buys Goldman Alum's Company to Trade Power in Japan [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BP ponders shifting focus away from renewables, say sources [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 5/8/24 - Miss
BP
Sec Filings
- 6/24/24 - Form 11-K
- 6/20/24 - Form 6-K
- 6/20/24 - Form SD
- BP's page on the SEC website