Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
BP Tops Q3 Earnings Estimates on Higher Commodity Prices
Earnings Beat: Headquartered in London, BP plc (BP - Free Report) reported third-quarter adjusted earnings of 99 cents per American Depositary Share (ADS) on a replacement cost basis. The bottom-line beat the Zacks Consensus Estimate of earnings of 96 cents per ADS.
BP p.l.c. Price and EPS Surprise
BP p.l.c. price-eps-surprise | BP p.l.c. Quote
Estimate Revision Trend & Surprise History: The Zacks Consensus Estimate of earnings for the quarter has witnessed three upward revisions in the past 30 days.
The British energy giant beat the consensus estimate for bottom lines in three of the prior four quarters, the average surprise being 43.4%.
Revenues Miss: Revenues of $37,867 million missed the Zacks Consensus Estimate of $39,233 million.
Key Stats: Total production of 1,313 thousand barrels of oil equivalent per day (MBoe/d) was lower than the year-earlier quarter level of 1,402 MBoe/d.
The company sold liquids for $65.53 per barrel in the third quarter (versus $38.21 in the year-earlier quarter) and natural gas for $5.61 per thousand cubic feet (versus $1.42). Overall price realization increased to $57.72 per Boe from the year-ago level of $31.21.
Zacks Rank: Currently, BP sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back for our full write up on the BP earnings report later!