I have been covering BP (NYSE: BP ) for nearly five years on Seeking Alpha. In that time frame, the company has returned almost exactly zero, including dividends. That lags far behind the other integrated internationalI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions ...

Analysts cut the price target on BP p.l.c. BP following the company’s third quarter results reported on Tuesday.BP’s revenue fell short at $47.25 billion, below the $52.56 billion consensus, with oil production down 6% year over year.For FY24, BP continues to expect both reported and underlying upstream production to be slightly higher than the prior year. Meanwhile, the company continues to expect $25 billion of divestments and other proceeds from the second half of 2020 through 2025.RBC Capital Markets an ...

Start Time: 09:00 January 1, 0000 10:09 AM ET BP p.l.c. (NYSE:BP) Q3 2024 Earnings Conference Call October 29, 2024, 09:00 AM ET Company Participants Murray Auchincloss - CEO Kate Thomson - CFO Craig Marshall - SVP and Head, IR Conference Call Participants Josh Stone - UBS Giacomo Romeo - Jefferies Irene Himona - Bernstein Biraj Borkhataria - RBC Doug Leggate - Wolfe Lydia Rainforth - Barclays Peter Low - Redburn Roger Read - Wells Fargo Chris Kuplent - Bank of America Ryan Todd - Piper Alastair Syme - Citi ...

BP plc (BP) reported third-quarter 2024 adjusted earnings of 83 cents per American Depositary Share on a replacement-cost basis, excluding non-operating items. The figure beat the Zacks Consensus Estimate of 78 cents. The bottom line, however, declined from the year-ago reported figure of $1.15. Total quarterly revenues of $48.3 billion lagged the Zacks Consensus Estimate of $62.5 billion and declined from $54 billion reported a year ago. Better-than-expected quarterly earnings can be primarily attributed t ...

KEY TAKEAWAYSBP on Tuesday posted third-quarter profit that fell well short of analysts' forecasts, dragged by weaker refining margins and oil trading.It reported net profit of $206 million, a massive decline from last year's $4.86 billion and well below the $1.96 billion consensus estimate of analysts polled by Visible Alpha.BP booked an underlying replacement-cost (RC) profit of $2.27 billion, down from the $3.29 billion it reported a year ago and $2.76 billion last quarter, although it topped analysts' e ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 for the period ended 29 October, 2024 BP p.l.c. (Translation of registrant's name into English) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND (Address of principal executive offices) Form 20-F |X| Form 40-F --------------- ------- ...

(Photo: Michael Paulsen)Houston Chronicle via Getty ImagThe pullback by energy giant BP from renewables and a renewed focus on high margin mainstay oil and gas plays has been relentless this year under its current CEO Murray Auchincloss who was appointed in January.In one of his first major moves as CEO, Auchincloss revised the company's plans to cut oil and gas production by 25% between 2019 and 2030, reversing a previous target of a 40% reduction over the same time-frame. And by June, fresh bidding for of ...

BP plc (BP) , a UK-based oil and gas giant, has inked a global frame agreement with the Subsea Integration Alliance, a partnership between SLB’s OneSubsea and Subsea7. As part of the agreement, the trio has decided to create a platform to effectively utilize their expertise in subsea projects across a range of future projects.Subsea7 and OneSubsea have highlighted that the partnership would enable them to bring cross-domain teams together to leverage their capabilities through the lifecycle of each project. ...

BP (BP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and gas company have returned -1.2%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Oil and Gas - Integrated - International industry, which BP falls in, has lost 2.4%. The key question now is: What could be the stock's future direction?While med ...

BP plc (BP) is set to report third-quarter 2024 earnings on Oct. 29.Let us delve into the factors that are anticipated to have affected this integrated energy major’s quarterly performance. However, before that, it would be worth reviewing BP’s performance in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Highlights of Q2 EarningsIn the last reported quarter, the company’s earnings of $1 per American Depositary Share on a replacement-cost basis (excluding non-ope ...