Core Viewpoint - Analysts expect BP to report quarterly earnings of $0.68 per share, reflecting a year-over-year decline of 32%, while revenues are projected to be $60.67 billion, an increase of 25.7% from the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding BP's stock [2] - The consensus EPS estimate for the quarter has been revised upward by 8.9% over the past 30 days, indicating a collective reassessment by analysts [1] Revenue Projections - Total revenues and other income from sales and other operating revenues are expected to reach $47.01 billion, showing a year-over-year change of -0.6% [4] - External sales and other operating revenues from oil production and operations are projected at $597.06 million, indicating a significant year-over-year decline of 91% [4] - External sales and other operating revenues from customers and products are estimated at $39.79 billion, reflecting a year-over-year change of -3.2% [5] - Other businesses and corporate revenues are expected to be $110.85 million, down 78.9% from the prior year [5] Production Estimates - Analysts predict total hydrocarbons production (net of royalties) to be 1,490.32 thousand barrels of oil equivalent per day, slightly up from 1,481.00 thousand barrels per day in the same quarter last year [6] - Natural gas production (net of royalties) is expected to reach 2,253 thousand cubic feet per day, down from 2,292 thousand cubic feet per day year-over-year [7] - Liquids production (net of royalties) is projected at 1,105.18 thousand barrels per day, compared to 1,085.00 thousand barrels per day in the previous year [8] Refinery Throughput - Total refinery throughput is estimated at 1,293.25 thousand barrels of oil per day, down from 1,392.00 thousand barrels per day year-over-year [8] - US refinery throughput is expected to be 560.55 thousand barrels per day, compared to 670.00 thousand barrels per day last year [9] - European refinery throughput is projected at 730.45 thousand barrels per day, slightly up from 722.00 thousand barrels per day year-over-year [11] Price Realizations - Average realizations for liquids are forecasted to be $60 per barrel, down from $73 per barrel in the previous year [9] Market Performance - BP shares have returned +2.7% over the past month, outperforming the Zacks S&P 500 composite's +0.6% change, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [11]
Stay Ahead of the Game With BP (BP) Q2 Earnings: Wall Street's Insights on Key Metrics