Yahoo Finance BP First Quarter 2024 Earnings: Misses Expectations
BP (LON:BP.) First Quarter 2024 Results
Key Financial Results
Revenue: US$49.5b (down 11% from 1Q 2023).
Net income: US$2.26b (down 73% from 1Q 2023).
Profit margin: 4.6% (down from 15% in 1Q 2023).
EPS: US$0.14 (down from US$0.46 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BP Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 24%.
Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in the United Kingdom.
Performance of the British Oil and Gas industry.
The company's shares are down 3.2% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for BP that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
