The chart below shows how BP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BP sees a -0.20% change in stock price 10 days leading up to the earnings, and a -0.76% change 10 days following the report. On the earnings day itself, the stock moves by -0.84%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Upstream Production Increase: Upstream production increased by 2% to approximately 2.36 million barrels per day, with plant reliability exceeding 95%.
Trading Segment Performance: The trading segment delivered an average 4% uplift to group ROACE over the past five years, demonstrating consistent performance despite market volatility.
Dividend Increase Announcement: A 10% increase in dividend per share was announced, reflecting a commitment to returning value to shareholders.
Share Buyback Announcement: A total of $7 billion in share buybacks was announced, including a $1.75 billion buyback initiated today, enhancing shareholder returns.
Strategic Project Advancements: Strategic progress was made with 10 new FIDs, including significant projects in Cascadia and Tangguh, positioning the company for future growth.
Negative
Earnings Miss Reported: BP p.l.c. misses on earnings expectations with reported EPS of $0.44, falling short of the expected $0.56.
Refining Operations Challenges: Refining operations faced a difficult year, impacted by a widening outage in Q1 and a challenging margin environment, leading to decreased profitability.
Biofuels Margin Decline: Weaker biofuels margins contributed to overall financial strain, reflecting a downturn in this segment's performance.
Trucking Recession Impact: The trucking recession negatively affected the trading arm, indicating broader economic challenges impacting revenue streams.
Dividend Increase vs. Operational Weakness: Despite a 10% increase in dividend per share, the overall financial performance suggests underlying operational weaknesses that may affect future distributions.
BP p.l.c. (NYSE:BP) Q4 2024 Earnings Call Transcript
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