BP plc (BP) has reported fourth-quarter 2023 adjusted earnings of $1.07 per American Depositary Share on a replacement-cost basis, excluding non-operating items. The bottom line missed the Zacks Consensus Estimate of $1.09 and declined from the $1.59 reported a year ago.Total quarterly revenues of $52,586 million lagged the Zacks Consensus Estimate of $59,530 million and declined from the $70,356 million reported in the year-ago quarter.Lower realizations of commodity prices led to weak quarterly results.BP ...

BP PLC (NYSE:BP) Q4 2023 Earnings Conference Call February 6, 2024 4:00 AM ET Company Participants Craig Marshall - Group Head, IR Murray Auchincloss - CEO & Director Katherine Thomson - CFO, SVP, Finance for Production & Operations & Director Conference Call Participants Biraj Borkhataria - RBC Capital Markets Christopher Kuplent - Bank of America Merrill Lynch Oswald Clint - Sanford C. Bernstein & Co. Lucas Herrmann - BNP Paribas Exane Irene Himona - Societe Generale Peter Low - Redburn Alastair Syme - Ci ...

BP is now a big producer of an unexpected commodity — coffee.BP BP, +5.51% BP, +5.39% saw a boost from its convenience stores, which sell, of course, gasoline, but also coffee and all sorts of odds and ends. BP has previously said it sells 150 million cups of coffee per year.What it calls convenience gross margin — a profit measure defined in 117 words in a glossary provided alongside quarterly results — rose 9% to $1.66 billion last year. “Its convenience-store business is a behemoth that should not be un ...

For the quarter ended December 2023, BP (BP) reported revenue of $52.59 billion, down 25.3% over the same period last year. EPS came in at $1.07, compared to $1.59 in the year-ago quarter.The reported revenue represents a surprise of -11.67% over the Zacks Consensus Estimate of $59.53 billion. With the consensus EPS estimate being $1.09, the EPS surprise was -1.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

The billions of pounds that BP PLC (LSE:BP.) has promised to investors in share buybacks and dividends in the past year could instead be used to pay for dealing with natural disasters, covering the UK or Australia for the next seven years or more than paying for the damage caused by last year’s Hawaii firestorm. This is according to non-profit group Global Witness, which said natural disasters "have been made worse and more likely by the oil and gas that give BP its profits, and its shareholders their payou ...

BP shares posted their biggest rise in a year on Tuesday after the oil company pledged to increase its returns to shareholders, despite reporting a sharp drop in its profits, while doubling down on its green transition plans. Shares in BP surged 7% on Tuesday, marking the sharpest increase in the oil company’s stock price since last February, as the British oil major hiked its dividend and vowed to buy back more of its shares.BP BP, +5.37% BP, -1.15% shares have increased 2% in the year so far having made g ...

BP PLC (LSE:BP.) picked up the pace of its share buyback plans after delivering fourth quarter profit ahead of expectations. The oil major said fourth quarter underlying replacement cost profit was $2.99 billion, down from $4.81 billion the year prior, but ahead of City forecasts of $2.76 billion. BP announced a quarterly share buyback of $1.75 billion and pledged a further $3.5 billion buybacks in the first half of 2024. Ths compared to $1.5 billion buybacks in the first three quarters of 2023.  BP said th ...

BP in 2020 set out its ambition to become a net zero company "by 2050 or sooner."British oil giant BP on Tuesday reported slightly weaker-than-expected annual profits, following declines in fossil fuel prices.The energy major posted underlying replacement cost profit, used as a proxy for net profit, of $13.8 billion for 2023, a sharp fall from a record $27.7 billion in the previous year.Analysts had anticipated net profit of $13.9 billion for full-year 2023, according to an LSEG-compiled consensus.BP posted ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|------------------|------------------|------------------|---------------|----------------| | $ million | quarter \n2023 | quarter \n2023 | quarter \n2022 | Year \n2023 | Year \n2022 | | Profit (loss) before interest and tax | (16) | (500) | 103 | (903) | (2,704) | | Inventory holding (gains) losses* | - | - | - | - | - | | RC profit (loss) before interest and tax | (16) | (500) | 103 | (903) | (2,704) | | Ne ...

Gas prices may be subject to rise following a power outage Thursday at a BP (NYSE:BP) oil refinery located in Whiting, Indiana. The outage has apparently led to excess burning and fairing at the site, burning off some product. BP stated the facility systems should be restarted on Friday morning, though it’s unclear whether this has proven true. “Out of an abundance of caution, BP has evacuated the employees from the Glass House located on Indianapolis Boulevard and 129th Street. No further evacuation is req ...