-=BP p.l.c. (BP) reported earnings on Tue 6 Feb 24 (b/o)

 

BP beats by $0.11, misses on revs

• Reports Q4 (Dec) earnings of $1.07 per share, $0.11 better than the FactSet Consensus of $0.96; revenues fell 24.7% year/year to $52.14 bln vs the $53.14 bln FactSet Consensus.
  • Operating cash flow in the quarter of $9.4 billion includes a working capital* release (after adjusting for inventory holding losses, fair value accounting effects and other adjusting items) of $2.1 billion (see page 28).
  • Capital expenditure in the fourth quarter was $4.7 billion and total 2023 capital expenditure, including inorganic capital expenditure* was $16.3 billion.
  • Growing shareholder distributions: Dividend per ordinary share 7.270 cents per share +10% versus 4Q22; 4Q23 $1.75bn share buyback announced; committed to announcing $3.5bn share buyback for the first half of 2024

BP to commence share buyback of up to $1.75 bln

• BP p.l.c. announces that it is to commence a share buyback program to repurchase ordinary shares in the capital of the Company.
• The purpose of the Program is to reduce the issued share capital of the Company towards distributing 60% of surplus cash flow generated in 2023 as announced by the Company on 6 February 2024.
• The maximum amount allocated to the Program is around $1.75 billion for a period up to and including 3 May 2024.
  
• The Program will be carried out on the London Stock Exchange and/or Cboe (UK) and will be effected within certain pre-set parameters.

Earnings this week : Feb 5 - 9, 24 (wk 6)

Monday (Feb 5)

• Morning: AMG APD ALGT CAT CNA EL IDXX MCD NSSC ON SPHR TKR TSN
• Afternoon: ACM AMKR BRBR CBT CHX CHGG COHR CCK FN FMC GBDC HI JJSF KFRC KRC NXPI PLTR  RMBS SPG SSD SKY SYM VRNS VRTX

Tuesday (Feb 6)

• Morning: AGCO AME ARMK ARCB ATHM BP CARR CNC CRNC CHKP CTS CMI DCPH DD LLY ENR FSV FI ULCC IT GEHC HLNE HTZ HIMX INGR J KKR LEA LIN MSGS NJR NVT PJT PDS PINC SCSC ST SPR SPOT TW VVV WAT WFRD WTW XYL
• Afternoon: ATEN AEIS AB AOSL DOX AFG AMGN ARWR AZPN AIZ ATO AZEK CSL CMG CINF CRUS CNO CTSH DHT DIOD DEI ELF EW ENPH EQH ESS EXEL F FTNT FRSH GILD HRB HIW ICHR IEX INSP INTA JKHY KD LUMN MRCY MSTR MODN NBR OI OMC PRU QGEN REXR SIMO SNAP SONO TENB UDR VFC VREX VLTO VSAT VOYA WERN WU YUMC ZWS

Wednesday (Feb 7)

• Morning: ADNT BABA ARCC BERY BG CG CDW CRTO CVS DAY EPC EMR EEFT FOXA GPRE GFF HAIN HLT KMT MAC MSGE MCFT NBIX NYT OMF PAG PFGC PERI RDWR REYN RITM RBLX SMG SLAB TGI TTMI VSH XPO YUM
• Afternoon: ALL ARM ASGN ACLS AZTA BKH CFLT CPA CXW COTY CUZ CSGS EGP EHC ENS NVST EFX EG FAF FR FLT FLNC FORM GL GPRO HMN KN MAT MMS MCK MAA MKSI MC MOH MPWR MUSA NFG NTGR NWSA ORLY OHI OSCR PAYC PYCR PYPL PDM QNST RDN RPD RRR RRX STE STC SU TTGT UBER VKTX DIS WYNN

Thursday (Feb 8)

• Morning: WMS APO MT ARES ARW ABG AZN AXTA BAX BCE BDC BTU BWA CIGI COP CYBR DTE DUK DT GTES HAE HOG HSY NSP ICE IPG ITT K KVUE KIM LSPD LNC LITE MAS MDU NNN PATK PM PBH RL RBC RXO SPGI SNA SWI SPB SAVE TROW TPX TPR THC TDG UAA WMG WEX ZBH
• Afternoon: AFRM ATR BAP BILL BYD CDP CLSK CPRI DOCS DXCM ESE EXPE FE FLO G ILMN LEG MHK MSI MTD MWA NET OMCL ONTO OWL PCTY PEAK PECO PI PINS POWI PRO RAMP REG SPSC STEP SYNA TEX TFII TTWO VRSN

Friday (Feb 9)

• Morning: AMCX CTLT ROAD EMBC ESNT MGA COOP NWL PEP PAA PRLB SXT WPC

This week's biggest % winners & losers : Feb 6 - 10, 23 (wk 6)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: OMER (5.05 +63.43%), CSII (19.73 +34%), CTLT (70.62 +25.99%), GLYC (3.46 +11.81%)
• Industrials: BLBD (19.92 +33.24%), ARCB (100.6 +16.03%), NVT (44.62 +10.86%)
• Information Technology: NEWR (76.00 +17.52%), FTNT (59.55 +12.36%), MMS (83.93 +12.12%), AYX (63.16 +11.35%)
• Financials: EHTH (9.00 +21.46%)
• Energy: DHT (10.34 +22.08%), NGL (2.09 +20.81%), BP (40.74 +15.89%), STNG (57.37 +14.39%), EQNR (33 +13.36%)

This week's top % losers

• Healthcare: GMED (59.84 -24.85%), CGC (2.28 -21.91%), NVTA (2.09 -20.23%)
• Industrials: AZUL (5.1 -24.67%), BV (6.51 -22.5%), GOL (2.43 -19.97%)
• Consumer Discretionary: CPRI (50.06 -26.34%), CVNA (10.93 -24.39%), BBBY (2.37 -22.3%), FOSL (4.47 -20.83%), CHGG (16.94 -20.64%), SFIX (4.19 -20.44%), GRPN (7.09 -19.25%)
• Information Technology: LYFT (10.31 -40.68%), TWOU (9.86 -23.03%)

BP p.l.c. (BP) reported earnings on Tue 7 Feb 23 (b/o)

 ** charts after earnings **

 

Earnings came in at $1.59 a share, up 29%. Revenue topped expectations, rising almost 33% to $69.3 billion. Free cash flow shot up 29% to $5.33 billion.

For the year, BP's posted profit of $27.6 billion, or $8.74 per share. That topped its previous record of $26 billion from 2008. The 2022 results included a $25 billion write-down on loss of Russian assets.

The big strategic shift that BP announced on Tuesday signals that the world may be headed for a new energy supercycle, one that could boost the fortunes of oil and gas and renewable energy all at once.

Starting around 2020, big oil companies, particularly in Europe, unveiled long-term strategies that included less drilling for fossil fuels and more investments in clean energy. BP ‘s (ticker: BP) new strategy sends a slightly different message: In the near term, the world’s going to need more of both. The London-based energy company says it will phase out oil and gas more slowly than previously expected, while ramping up clean energy faster than it had anticipated. All told, the changes could result in its capital spending increasing by double-digits in the near-term, amounting to a boost of about $2 billion this year. “We are growing our investment into our transition and, at the same time, growing investment into today’s energy system,” said CEO Bernard Looney.

Earnings this week : Feb 6 - 10, 23 (wk 6)

Monday (Feb 6)

• Morning:  AMG CNA CMI ENR IDXX NBIX ON TKR TSN
• Afternoon: ATVI ACM AOSL BRBR CHGG CINF DIOD FN KMT KFRC LEG NOV PINS POWI RMBS SPG SSD SKY SWKS SAVE TTWO UDR VRNS ZI

Tuesday (Feb 7)

• Morning: ADNT AGCO ARMK ARCC BP BV CG CARR CTLT CNC CTS DCPH DD FISV IT GPK HAE HAIN HLNE HTZ INCY J KKR LIN MAC MBUU MSGS NVT OMF PINC RCL SCSC SPR TDG VVV XYL
• Afternoon:  AMCR AIZ ATO BKH CSL CMG CNO CCK DEI EGP EHC ENPH ESS EEFT EXEL FMC FTNT FRSH HRB PEAK HIW HMN ICHR ILMN INSP JKHY RAMP LUMN MODN NCR NEWR OMC PAYC PRU QGEN RRR RXO SIMO SSNC TENB VFC VRTX VSAT VOYA WERN WU YUMC ZWS

Wednesday (Feb 8)

• Morning:  BDC BXMT BG CPRI CDW CRNC CME COHR COTY CRTO CVS D ETN EPC EMR FOXA GPRE INGR NYT PAG PFGC PERI RDWR REYN RITM SITC TRMB UBER VSH YUM
• Afternoon:  ME AEIS AFRM AB NLY APP ASGN AVB ACLS AZEK CDAY CXW DHT APPS ENS NVST EFX EQH EQC ESE RE FRT FR FLT FLNC FORM FWRD ULCC GT HI HPP PI IFF FROG LNC MAT MMS MGM MC MOH MPWR ORLY PTEN PYCR PDM PPC PAA QNST RDN RPD REXR HOOD SON SONO STE STC SLF THC TTMI TWO DIS WTS XPO

Thursday (Feb 9)

• Morning: ABBV APO MT ARES AZN BAX BWA BRKR CCJ CGC CSII CIGI CYBR DBD DUK ESMT FAF GTES HLT HIMX HII NSIT NSP IPG ITT K KIM LITE MAS MDU MSGE NNN PATK PEP PM PDS RL SPGI SEE SSTK SWI TPR TTGT TU TPX TRI WMG WEX WTW
• Afternoon:  AYX BE BHF CBT CC NET ROAD OFC CRSR COUR CUZ DXCM DOCS EQR EXPE FLO G KN LGF.A LYFT MTD MHK MSI NWSA ONTO OSCR PYPL PECO PRO QLYS RBC REG SPSC STEP TEX MODG VTR VRSN YELL YELP

Friday (Feb 10)  

• Morning:  ENB ESNT FTS GPN IQV MGA COOP NWL PRLB SXT SPB SLVM WPC

-=BP p.l.c. (BP) reported earnings on Tue 29 Oct 19 (b/o)

BP beats by $0.02, beats on revs

Reports Q3 (Sep) earnings of $0.11 per share, $0.02 better than the S&P Capital IQ Consensus of $0.09; revenues fell 14.1% year/year to $68.29 bln vs the $66.87 bln two analyst estimate.

• Underlying replacement cost profit for the third quarter of 2019 was $2.3 billion, compared to $3.8 billion a year earlier. The result was impacted by significantly lower.
• Upstream earnings, resulting from lower prices, maintenance and weather impacts.
• A divestment-related, non-cash, non-operating after-tax charge of $2.6 billion resulted in a reported loss for the quarter of $0.7 billion.
• Operating cash flow, excluding Gulf of Mexico oil spill payments, was $6.5 billion for the quarter, including a $0.1 billion working capital release (after adjusting for net inventory holding losses). Gulf of Mexico oil spill payments were $0.4 billion on a post-tax basis.

Reported oil and gas production for the quarter averaged 3.7 million barrels of oil equivalent a day, compared to 3.6 million barrels of oil equivalent a day a year earlier.

• Underlying Upstream production, excluding Rosneft, was down 2.5% from a year earlier, reflecting maintenance across a number of regions and weather impacts in the US Gulf of Mexico.
• The Downstream delivered strong operations with overall 96% Solomon availability for the quarter, and record crude was processed at the Whiting and Cherry Point refineries in the US.

Earnings this week : Oct 28 - Nov 1, 19 (wk 44)

Monday (Oct 28)

• Morning: AMG AWI T AVX CTB L PHG QSR SPOT WBA
• Afternoon: AKAM AMKR APPF ARE AVB BLKB BRO BRX BYND CGNX CR CVCO EHC GDI GOOG/L HLIT HTA HTLF INST JBT LEG MEDP NOV NXPI OFC OFIX OGS OI OMF PCH RE RIG ROIC SANM SBAC SSB SSD TBI TCF TMUS TREX TRTX TXRH VNO VRNS WCN WELL WIRE XPO  GRUB

Tuesday (Oct 29)

• Morning: AGCO AN AOS ASTE BP BTU CEQP CIGI CMI CNX CNXM COP CVLT DBD ECL EME ETN EXLS FDP FELE FMS GLT GLW GM  HCA HSC HUBB HZO I INCY IPGP IR IRDM K KKR LDOS LNN MA MLM MMC MRK NEO PAG PFE R SHOO SHOP SLCA SMPL SPGI TECH THRM VSH WAT WDR WH XRX ZBRA
• Afternoon: ACCO ACGL ADSW AFG AGR AJRD ALL AM AMD AMED AMGN APAM AR ATEN ATGE AX AXS BGFV BVN BXP CAI CAKE CB CCS CHE CHRW CXO CYH DENN DLR EA EIX ENPH EPR EQC EXAS EXR FCF FCPT FEYE FMC FNF GNW HLF HURN HY IEX INVH IPHI KAI KBR LDL LSCC MAT MDLZ MDR MDU MGRC MOH MRCY MSTR MTDR MXIM NATI NBR NWE OKE OSPN PAYC PSA PSMT PTCT QUAD REXR RNR RPAI RRD RXN RYI SAM SGEN SILK SIMO SXI SYK SYX TCO TCS TENB TX UDR UIS UMBF UNM VNOM VRSK WRI YUMC ZEN

Wednesday (Oct 30)

• Morning: AAWW ADP AIT APTV ARCC AXE BDC BG BKR CBZ CIM CLH CME CROX CRTO DAN DIN EAT ETR EXTR FLOW GE GLOP GRMN HEP HES HPP HTLD INSM IQV JHG KFRC LECO LFUS LHX LIVN MAS MCK MCO MDCO MLCO NI NMRK NVT NYCB ORBC OSK RCL SAIA SC SF SITC SITE SMP SNE SO SPG ST SUM TAP TEL TMHC TNC TUP UMC UTHR WCG WING WYND YUM
• Afternoon: AAPL ACA ACAD ADTN AEGN AGI AGNC AKS ALEX ALSN APA ARES ATRC AWK AXTI AZPN BFAM BLDP BOOT CACI CATM CERS CF CHDN CHEF CLI CLR CMPR CNMD CNXN COLM CONE CREE CRUS CRY CSGS CTSH CW DCO DDD DRE DT ECOL EGHT EGOV ELY ENSG EQIX ETSY EVTC EXEL FARO FB FLS FORM FOXF FRT H HABT HCC HCP HTGC HUBG HVT IMMU INOV INT KLAC KW LM LNC LSI LYFT MAA MANT MASI MC MDC MDR MEOH MET MGM MLNX MMSI MSI MUSA MYRG NE NGHC NLY NR NUVA OII OLED PCTY PDM PKI PPC PRAH PS PVG QDEL QGEN QLYS RBBN RDN REG RGA ROG RPT RSG RTRX RWT RYN SBUX SCI SFM SIGI SKT SKY SKYW SOI SPWR SPXC SRI STAG SU SWI TDOC TEX THG TKR TREE TRMB TS TTMI TWLO TYL UCTT VIAV VRTX WDC WHD WMB WPX WTI WTS ZNGA

Thursday (Oct 31)

• Morning: AAON ABMD ADM AGIO AKRX ALNY AMCX AME AMT APO APRN ARD ARW ATI AVP BCE BLD BLL BMY BWA CDW CFR CFX CG CHD CI CLX CNSL COR CPG CRAI CRC CTVA CVE CWT DD DLPH DNKN ECA EIGI EL EQT EXC EXP FCAU FLIR FLR FLWS FSS GIL GNRC GOLF GPN HBI HFC HGV HMHC ICE IDA IDCC IDXX IMAX INGR IP IRM IRWD IT ITGR KHC LAZ LITE LKQ LNTH LXRX MAC MGPI MIXT MMP MNTA MO MPC MPLX MPW MSCI MSG MUR NEWM NNN NTCT NTLA NVCR OSB PBF PBFX PBH PEG PENN PH PQG PWR RDS.A RFP RGEN SABR SILC SIRI SNDR SNY SPAR SPR SRCL STAR STFC STOR SYNH TEN TFX TPH TPX TRI W WAB WCC WEX WLTW WRLD WWE XHR XYL YETI YRCW ZIXI
• Afternoon: ACLS AIV AMN ANET APPN ARCB ATR AYX BGS BIO BLDR BRKR CAR CASA CPT CWST ERII FNKO FTAI FTNT GLPI GPOR HTH JCOM LOCO LYV MELI MERC MINI MOBL MRC MTX MTZ NFG NPTN OEC OLN OTEX PDFS PINS PMT QRVO RMAX SEM SHLX SM SSNC TDS TGH USM VICI VSAT WU X 

Friday (Nov 1)

• Morning: ABBV ABR AIG AMAG ASIX AXL BABA BAH BGG CBOE CCJ CL CVX D FND FTS GSHD HAE HE HMSY HRC IBP IMGN IMO ITT LNG LYB MD MGI MGLN MOG.A NWL OPI PBA PNM POR ROLL RUTH SRE STX TPB TRP USX WOW WPC XENT XOM

Notable earnings reports:

• Alphabet (NASDAQ:GOOGL), Spotify (NYSE:SPOT), Beyond Meat (NASDAQ:BYND), AT&T (NYSE:T), NXP Semiconductors (NASDAQ:NXPI) and Walgreens Boots Alliance (NASDAQ:WBA) on October 28; 
• Shopify (NYSE:SHOP), AMD (NASDAQ:AMD), Electronic Arts (NASDAQ:EA), (NXPI), General Motors (GM), Mattel (NASDAQ:MAT), Mastercard (NYSE:MA), FireEye (NASDAQ:FEYE) and ConocoPhillips (NYSE:COP) on October 29; 
• Apple (NASDAQ:AAPL), Facebook )FB), Lyft (NASDAQ:LYFT), Sony (NYSE:SNE), Yum Brands (NYSE:YUM), Starbucks (NASDAQ:SBUX), General Electric (NYSE:GE) and Twilio (NYSE:TWLO) on October 30; 
• Pinterest (NYSE:PINS), Altria (NYSE:MO), Wayfair (NYSE:W), Kraft Heinz (NASDAQ:KHC ) and MercadoLibre (NASDAQ:MELI) on November 1; Alibaba (NYSE:BABA), AbbVie (NYSE:ABBV), ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and U.S. Steel (NYSE:X) on November 1. 

=BP p.l.c. (BP) reported earnings on Tue 30 Oct 2018 (b/o)

BP beats by $0.05, beats on revs

• Reports Q3 (Sep) earnings of $0.19 per share, $0.05 better than the S&P Capital IQ Consensus of $0.14; revenues rose 32.4% year/year to $79.47 bln vs the $75.31 bln two analyst estimate.
  • Underlying replacement cost profit for the third quarter of 2018 was $3.8 billion, more than double a year earlier and the highest quarterly result in more than five years, including significant earnings growth from the Upstream and Rosneft.
  • Operating cash flow excluding Gulf of Mexico oil spill payments for the quarter was $6.6 billion, including a $0.7 billion working capital build (after adjusting for inventory holding gains.)
• Upstream - Upstream production, which excludes Rosneft, was 2,460mboe/d for the third quarter, flat with last year. Adjusted for portfolio
  and PSA impacts, underlying production* was 6.8% higher, driven by continued ramp-up of production from major projects.
• Downstream - In manufacturing, refining and petrochemicals operations have both been strong in the quarter. Refining availability was 96.3%, the highest in 15 years. In marketing, BP's convenience partnership model has now been rolled out to around 1,300 sites across our network worldwide, and more than 370 BP-branded retail sites are now open in Mexico.

Earnings this week : Oct 29 - Nov 2, 18 (wk 44)

Headlining earnings this week will be Facebook (FB) on Tuesday and Apple (AAPL) on Thursday. Other notable earnings reports include General Electric (GE), Pfizer (PFE), and Coca-Cola (KO) on Tuesday, General Motors (GM) on Wednesday, Starbucks (SBUX) on Thursday, and Alibaba (BABA) on Friday.

Monday (Oct 29) 

• Morning: FDC YNDX BAH ON AMG CDAY RAMP WFT
• Afternoon:   AEIS AKAM ALSN AMED AMKR APPF APTI ARE AVB AXGN BLKB BRX CACC CBL CGNX CHE CHGG CLR CYH EFII EGHT EHC ELVT EPR ESV FCPT FET FTSI HIIQ HLIT HTLF INST KAI KBR KLAC KNL MDLZ MEDP NLS OFIX OGS OLN PI QGEN QTNA QTS RE RIG RMBS SANM SCI SSD TCO TKR TNET TREX TXRH UDR VNO VNOM VRNS WCN WING

Tuesday (Oct 30)

• Morning:  CHK + ACCO AER AET AGCO AGN AMRC AMT AN AOS ARII ARNC ARRY AWI BHGE BKI BP BPMC BTU CEQP CIGI CMCO CMI CNX CNXM CTSH CVLT EAT ECL ERJ ETN EXP FCAU FDP FIS FLIR FLOW FMS FUN GE GPN GWR HCA HEP HMC HUN HZO I INCY IPGP IPI KEM KO LL LYB MA MAS MSM NEO NTLA OXSQ PEG PFE SABR SHOO SNE SQNS SSTK ST TECH TPR TRS UAA VMC VNTR VSH WAB WCG WDR WELL WH WLH XYL
• Afternoon: ACGL AEGN AFG AINV AMGN APAM APC BAND BEAT BGS BHE BIDU BJRI BXP CAI CAKE CHRW CLVS CONE CRAY CW CXO DDD DENN EA EBAY EIX EVTC EXAS EXR FB FEYE FLT GNW H HABT HCLP HLF HURN HVT HY INN IQ IRTC LNTH MDR MGM MGRC MOBL MOD MRCY MX MXIM MXL NANO NBR NCR NGHC NTRI NUVA NXGN OI OKE ORBC OSPN PAYC PDM PSA QLYS QNST QUAD RBBN REXR RNR RPAI RRD RXN SF SFLY SIMO SKYW SPWR SSW TCS TENB TMUS TTMI TX ULTI VOYA VRSK WES WGP WIRE WLL WNC XLRN YUMC ZEN

Wednesday (Oct 31)

• Morning: ACOR ADP AEE AIT ANTM APO APTV ARCC AUO BAX BCOR BDC BG CAMT CBZ CDW CG CIM CLH CLX CRTO CVE DBD DIN EGL EL EPD ETR GM GNC GRMN HCP HES HFC HSC IART ICE ICPT IGT K KFRC LFUS LIVN MAXR NEWM OMI ORBK PBF PBFX RDC RDN S SAIA SC SITE SNY SPAR SPR STNG TAP TEL THR TMHC UTHR WD WEC WEX YUM    
• Afternoon: ADSW AGI AIG ALL AMGP AMN APA AR ATH AWK AXTI BLDP CACI CDE CF CLI CMP CNO CRY ENSG ESRT ESRX FARO FISV FIT FORM FOXF FRAC FRT HBM HCC HGV HPR JBT KIDS KRG KW LHCG LSI MAA MAC MASI MDU MOH MRC MTDR MUSA MYRG NE NEXA NFX NLY NPO NXPI O OMF OTEX PKI PPC PRAH QRVO RGLD RGR RPT RYN SOI SSNC STAY STMP SU THG TS TUSK TYL WHD WMB WPX WTI XPO ZNGA

Thursday (Nov 1)

• Morning: ECA   AAON AAWW ABMD AGIO ALE AMAG AMCX AME AMRN ARES AROC ARW AVP AYR BCE BID BLL BMCH BSIG CBRE CCOI CEIX CHD CHSP CI CJ CNQ CNSL CRAI CWT D DM DNOW DWDP EEX EGRX EPAM EXC EXLS FBM FLWS FND GEL GIL GLOG GLPI GNRC GOLF HBI HPP IBP ICL IDA IDCC IDXX IIVI INAP INGR INXN IPHS IT ITGR JHG LCII LITE LXRX MD MDC MGP MGPI MIXT MMP MPC MPW MSCI MSG MT NBL NI NSP NTCT NVMI NYT OSK PAH PBH PBI PENN PH PPL PRFT PWR RDS.A ROCK SEE SFM SHPG SN SNDR SNR SPOT SSYS STFC STOR TEVA TFX THS TPX TREE TRP TVPT UFS USCR USPH VECO VSAT VSTO W WCC WRLD WYND YRCW ZTS 
• Afternoon: AAPL ACIA ACLS AGI AIRG AIV ALEX AMH ANET AOSL APPN ARCB ATGE ATHN ATR ATRC ATSG BCOV BFAM BIO BL BLDR BNFT BRKR BVX CARB CATM CBPO CBS CC CCRN CECO CERS CHEF CPS CPSI CRC CRUS CTRL CWST CZR DEI DHT EBS ECOL ED EEP EGOV ELGX EOG EQIX ERII ES EXEL FATE FICO FLR FTAI FTNT GPRO GSAT GSBD GTE HR HST HTGC ICFI IMMR IPHI KAMN KHC KTWO KWR LADR LHO LNC LOCO LYV MDRX MELI MET MITK MSI MTX OLED P PACB PBA PBYI PCTY PE PEB PETX PK PMT PODD RMAX ROG RP RTEC RTRX RYI SBUX SEDG SEM SHAK SHLX SKT SM SPXC SRCL SRG STAG SYMC TDC TDOC TEX TNDM TRMB TRQ TSRO TTOO UNIT USX VIAV VICI WIFI WTW WU X Y 

Friday (Nov 2)

• Morning:  ABBV ABR ASIX AXL BABA BPL CBOE CCJ CNK COL CVX DOC DUK EAF ENB EXTR FTS HMSY HRC IMGN IMO ITT MDP MOG.A MSGN NPTN NWL RLGY ROLL RUTH STX TDS TGH TRTN TWI TYPE USM VG VIRT VST WLTW WPC XOM

=BP PLC (BP) reported earnings on Tue 7 Feb 2017 (b/o)

• BP misses 4Q profit forecasts

LONDON (AP) _ BP PLC (BP) on Tuesday reported fourth-quarter net income of $497 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring gains, were 13 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The oil and gas company posted revenue of $52.12 billion in the period.

For the year, the company reported net income of $115 million, or 4 cents per share, swinging to a profit in the period. Revenue was reported as $186.61 billion.

BP shares have declined 4 percent since the beginning of the year. The stock has risen 17 percent in the last 12 months.

=BP reported earnings on Tue 1 Nov 2016 (b/o)

BP beats by $0.26, beats on revs; lowers FY16 capex :

• Reports Q3 (Sep) earnings of $0.30 per share, $0.26 better than the Capital IQ Consensus of $0.04; revenues fell 16.2% year/year to $47.05 bln vs the $45.89 bln two analyst estimate.
• Production
  • Production for the quarter was 2,110mboe/d, 5.9% lower than the third quarter of 2015.
  • Underlying production for the quarter decreased by 2.0%, mainly due to seasonal turnaround and maintenance activities, and the impact of weather and the Pascagoula plant outage in the Gulf of Mexico.
  • For the nine months, production was 2,209mboe/d, broadly flat versus the same period in 2015.
  • Underlying production for the nine months was broadly flat versus the same period in 2015.
• Capex - Capital expenditure on an accruals basis for the third quarter was $3.7 bln, of which organic capital expenditure was $3.6 bln, compared with $4.3 bln for the same period in 2015, almost all of which was organic.
  • Organic capital expenditure for 2016 is now expected to be around $16 bln, down from $17-19 bln prior, and in the range $15-17 bln in 2017.
• Outlook
  • Upstream - Looking ahead, we expect fourth-quarter reported production to be slightly higher than the third quarter, mainly reflecting recovery from planned seasonal turnaround and maintenance activity.
  • Downstream - In the fourth quarter we expect a higher level of turnaround activity compared with the third quarter, and that industry refining margins will continue to be under pressure
• Dividend: BP announced a quarterly dividend of $0.10 per ordinary share ($0.600 per ADS), which is expected to be paid on 16 December 2016. The corresponding amount in sterling will be announced on 6 December 2016.

=BP plc (BP) reported Q1 earnings on Tue 26 Apr 2016 (b/o)

 BP beats by $0.19, misses on revs; leaves dividend unchanged :

• Reports Q1 (Mar) earnings of $0.17 per share, $0.19 better than the Capital IQ Consensus of ($0.02); revenues fell 28.9% year/year to $38.51 bln vs the $39.59 bln two analyst estimate.
• Segment results
  • BP's Downstream segment reported an underlying pre-tax replacement cost profit of $1.8 billion, compared with $1.2 billion for the previous quarter. Lower costs, strong refining operations and an improved supply and trading contribution more than offset the impact of the weaker refining environment and the seasonal reduction in fuels sales.
  • BP's Upstream segment reported an underlying pre-tax replacement cost loss of $747 million for the quarter, broadly similar to the previous quarter's result. Lower costs, including the benefits of simplification programmes and lower exploration write-offs, largely offset the impact of lower oil and gas prices. BP reported $66 million as its estimated share of Rosneft earnings for the quarter4, compared with $235 million in the previous quarter.
• BP's overall production of oil and gas, including Rosneft4, was 3.5 million barrels of oil and gas equivalent a day. Excluding Rosneft, BP's Upstream production was 2.4 mmboe/d, 5.2% higher than a year earlier.
• Dividend: BP announced an unchanged dividend for the quarter of 10c per ordinary share, expected to be paid in June

BP reports earnings Tuesday 31 July 2012

** weekly **

 *** after earnings **
BP adjusted profit sinks 96% on massive write-down BP -4.59% Tuesday posted a dramatic fall of 96% in adjusted profit for the second quarter as the U.K. oil giant wrote down the value of some $5 billion worth of assets, including some U.S. refineries, the suspended Liberty oil and gas project in Alaska and a range of U.S. shale gas assets.

"We recognize this was a weak earnings quarter, driven by a combination of factors affecting both the sector and BP specifically," said Chief Executive Bob Dudley in a statement.

The company said its replacement cost profit, a figure that strips out gains or losses from inventories, fell for the period to $238 million, compared with $5.41 billion for the second quarter of 2011.
The London-based energy giant posted a net loss for the three months ended June 30 of $1.39 billion, compared with a profit of $5.72 billion for the second quarter of 2011.

Its keenly-watched clean replacement cost profit, which doesn't include exceptional items like the asset write-downs, was $3.69 billion, down 35% from $5.71 billion the previous year. This was far below average expectations of $4.49 billion in a Dow Jones Newswires poll of 11 analysts