BP (NYSE:BP) Releases Earnings Results, Beats Expectations By $0.35 EPS

BP (NYSE:BP) posted its quarterly earnings data on Monday. The oil and gas exploration company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.35, FiscalAI reports. The firm had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. BP had a net margin of 1.62% and a return on equity of 12.06%. The company’s revenue for the quarter was up 106.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share.

BP Stock Performance

NYSE:BP traded down $1.97 during trading hours on Tuesday, reaching $42.29. The company had a trading volume of 5,818,616 shares, compared to its average volume of 11,377,688. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.22 and a quick ratio of 0.87. BP has a 1-year low of $32.69 and a 1-year high of $48.27. The business’s 50 day moving average price is $41.08 and its 200-day moving average price is $41.76. The firm has a market cap of $110.77 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 0.76 and a beta of 0.15.

Hedge Funds Weigh In On BP

Large investors have recently made changes to their positions in the company. Ameriflex Group Inc. grew its position in BP by 39.1% during the fourth quarter. Ameriflex Group Inc. now owns 1,808 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 508 shares during the period. Sagefield Capital LP boosted its stake in shares of BP by 125.2% during the 4th quarter. Sagefield Capital LP now owns 493,556 shares of the oil and gas exploration company’s stock worth $17,141,000 after acquiring an additional 274,381 shares in the last quarter. Advisory Services Network LLC grew its position in shares of BP by 5.8% during the 4th quarter. Advisory Services Network LLC now owns 18,304 shares of the oil and gas exploration company’s stock valued at $636,000 after acquiring an additional 999 shares during the period. New York State Common Retirement Fund purchased a new position in shares of BP in the 4th quarter valued at about $17,768,000. Finally, Brown Brothers Harriman & Co. raised its holdings in BP by 14.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 6,549 shares of the oil and gas exploration company’s stock worth $227,000 after purchasing an additional 811 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on BP. Wells Fargo & Company boosted their target price on shares of BP from $39.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. TD Cowen raised their price target on shares of BP from $40.00 to $41.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Piper Sandler started coverage on shares of BP in a research note on Thursday, July 23rd. They set a “neutral” rating and a $42.00 price objective for the company. Royal Bank Of Canada raised BP from a “sector perform” rating to an “outperform” rating in a research report on Monday, May 11th. Finally, Mizuho assumed coverage on BP in a research note on Monday, July 20th. They issued an “outperform” rating and a $51.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.59.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Major earnings beat: BP reported second-quarter underlying replacement-cost profit of approximately $5.73 billion, more than double the year-earlier result and above analyst expectations. Reported EPS was $2.22 versus the $1.87 consensus, while revenue reached $69.11 billion, up 106.1% year over year. BP’s second-quarter profit more than doubles from a year ago
• Positive Sentiment: Strong operating drivers: Higher oil and gas prices, stronger refining margins, improved hydrocarbon realizations and robust trading returns—helped by Middle East market volatility—lifted earnings and cash flow. Analysts described BP’s turnaround as potentially ahead of schedule, creating an opportunity to accelerate debt reduction. BP Q2 Earnings Beat Estimates on Strong Refining Margins & Pricing
• Positive Sentiment: Shareholder returns and restructuring: BP raised its dividend rate, while the completed sale of its Gelsenkirchen refinery is expected to reduce underlying operating expenses by about $1 billion and strengthen the balance sheet. BP Raises Dividend Rate
• Neutral Sentiment: Portfolio shift continues: BP plans to sell Archaea Energy as it retreats from biogas and is pursuing changes to its North Sea portfolio. These moves could simplify operations and focus capital on higher-return oil and gas assets, but they also signal a substantial change in the company’s long-term strategy. BP to sell Archaea Energy as it withdraws from biogas
• Negative Sentiment: Quality and durability concerns: Lower production and increased exploration write-offs partly offset the benefit of higher prices. Investors may also view profits driven by oil-price spikes, refining strength and geopolitical volatility as difficult to repeat.
• Negative Sentiment: Political and execution risks: BP faces criticism over elevated energy-company profits, UK pressure related to North Sea operations and uncertainty surrounding its leadership and turnaround. Those risks may be limiting the market’s reaction to the earnings beat. BP may be at high point as Trump slams oil industry profits as too much

BP Company Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.