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London, England-based BP plc (BP - Free Report) is one of the world's major energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products. The Upstream business is focused mainly in the U.S., with significant presence in the Caribbean, Africa, Europe, the Middle East and Asia-Pacific. The downstream business consists primarily of U.S. refineries, along with presence in Europe, Asia-Pacific and Africa. The company also produces a range of petrochemicals.
Coming to earnings surprise history, the company has a mixed track record regarding earnings surprises. We have highlighted some of the key quarterly details from the just-released announcement below:
Earnings: BP beats on earnings. Earnings per ADS came in at 46 cents, higher than the Zacks Consensus Estimate of 38 cents.
Revenue: Revenues of $56,386 million surpassed the Zacks Consensus Estimate of $53,466 million.
Key Stats: Total production of 2.388 million barrels of oil equivalent per day (MMBoe/d) was up 3% year over year.
The company sold liquids for $49.87 per barrel in the first quarter (versus $29.61 in the year-earlier quarter) and natural gas for $3.50 per thousand cubic feet (versus $2.84). Overall price realization increased to $37.19 per Boe from the year-ago level of $23.81 per Boe.
Refining Marker Margin increased to $11.7 per barrel from $10.5 in the first quarter of 2016. Total refinery throughput decreased to 1,676 thousand barrels per day (MB/d) from 1,744 MB/d in the year-earlier period. Refining availability was 95.2% versus 95% in the year-ago period.
Check back later for our full write up on this BP earnings report later!
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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BP plc (BP) Beats Q1 Earnings & Revenue Estimates
London, England-based BP plc (BP - Free Report) is one of the world's major energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products. The Upstream business is focused mainly in the U.S., with significant presence in the Caribbean, Africa, Europe, the Middle East and Asia-Pacific. The downstream business consists primarily of U.S. refineries, along with presence in Europe, Asia-Pacific and Africa. The company also produces a range of petrochemicals.
Currently, BP has a Zacks Rank #5 (Sell) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Coming to earnings surprise history, the company has a mixed track record regarding earnings surprises. We have highlighted some of the key quarterly details from the just-released announcement below:
Earnings: BP beats on earnings. Earnings per ADS came in at 46 cents, higher than the Zacks Consensus Estimate of 38 cents.
Revenue: Revenues of $56,386 million surpassed the Zacks Consensus Estimate of $53,466 million.
Key Stats: Total production of 2.388 million barrels of oil equivalent per day (MMBoe/d) was up 3% year over year.
The company sold liquids for $49.87 per barrel in the first quarter (versus $29.61 in the year-earlier quarter) and natural gas for $3.50 per thousand cubic feet (versus $2.84). Overall price realization increased to $37.19 per Boe from the year-ago level of $23.81 per Boe.
Refining Marker Margin increased to $11.7 per barrel from $10.5 in the first quarter of 2016. Total refinery throughput decreased to 1,676 thousand barrels per day (MB/d) from 1,744 MB/d in the year-earlier period. Refining availability was 95.2% versus 95% in the year-ago period.
Check back later for our full write up on this BP earnings report later!
BP p.l.c. Price and EPS Surprise
BP p.l.c. Price and EPS Surprise | BP p.l.c. Quote
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Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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