Core Viewpoint - BP is expected to report quarterly earnings of $0.56 per share, a decline of 42.3% year-over-year, with revenues forecasted at $57.16 billion, reflecting a 14.4% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised down by 3.9% in the last 30 days, indicating a reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue and Income Projections - Analysts estimate 'Total revenues and other income - Sales and other operating revenues' at $47.84 billion, a year-over-year decrease of 2.1% [5] - 'Total revenues and other income - Interest and Other Income' is projected to be $391.82 million, showing a year-over-year increase of 2.8% [5] Production Metrics - 'Total revenues and other income - Earnings from associates - after interest and tax' is expected to reach $567.19 million, a significant increase of 90.3% from the previous year [6] - 'Production (net of royalties) - Oil production & operations - Natural gas' is estimated at 2,223.25 Mcf/D, down from 2,364 Mcf/D year-over-year [6] - 'Production (net of royalties) - Oil production & operations - Liquids' is forecasted at 1,077.04 million barrels per day, compared to 1,056 million barrels per day in the same quarter last year [7] - Average realizations for liquids are expected to be $66.76 per barrel, down from $71.24 per barrel in the same quarter last year [7] Regional Production Estimates - 'Production (net of royalties) - Oil production & operations - Liquids - US' is projected at 488.01 million barrels per day, up from 459 million barrels per day year-over-year [8] - 'Production (net of royalties) - Oil production & operations - Liquids - Europe' is expected to be 154.35 million barrels per day, compared to 136 million barrels per day in the same quarter last year [9] - 'Production (net of royalties) - Oil production & operations - Liquids - Rest of World' is forecasted at 441.70 million barrels per day, down from 461 million barrels per day year-over-year [10] - 'Production (net of royalties) - Oil production & operations - Natural gas - US' is estimated at 1,603.74 Mcf/D, down from 1,742 Mcf/D year-over-year [10] - 'Production (net of royalties) - Oil production & operations - Natural gas - Europe' is projected at 264.43 Mcf/D, down from 279 Mcf/D year-over-year [11] - 'Production (net of royalties) - Oil production & operations - Natural gas - Rest of World' is expected to be 347.55 Mcf/D, slightly up from 343 Mcf/D year-over-year [12] Stock Performance - Over the past month, BP shares have declined by 13.8%, while the Zacks S&P 500 composite has decreased by 4.3% [12]
Unveiling BP (BP) Q1 Outlook: Wall Street Estimates for Key Metrics