- Adjusted EBIT: BP reported an adjusted EBIT of $5.25 billion, surpassing the estimate of $4.6 billion.
- Oil Production Performance: Adjusted PBIT for oil production and operations was $2.26 billion, slightly below the estimate of $2.27 billion.
- Gas & Low Carbon Energy: Delivered a PBIT of $1.46 billion, beating the expected $1.26 billion.
- Corporate Losses: Adjusted other businesses and corporate PBIT reported a loss of $38 million, better than the anticipated $152.2 million loss.
- Customer & Product Segment: Adjusted PBIT came in at $1.53 billion, exceeding the $1.23 billion estimate.
- Net Income: Adjusted net income was $2.35 billion, higher than the expected $1.76 billion.
- Attributable Profit: Reported at $1.63 billion.
- Capital Expenditure: Total capex was $3.24 billion, below the projected $3.54 billion, while organic capex was $3.32 billion.
- Operating Cash Flow: Achieved $6.27 billion, surpassing the estimate of $6.15 billion.
- Net Debt: Stood at $26.04 billion, improved from the forecasted $26.42 billion.
- Debt Gearing: Recorded at 24.6%, better than the expected 25.3%.
- Adjusted EPS: Reported at 15.03 cents, outperforming the estimate of 11.71 cents.
- Dividend Per Share: Announced at 8.320 cents, slightly above the estimate of 8.000 cents.
- Analyst Recommendations: Consists of 5 buy ratings, 18 holds, and 3 sells.
BP PLC on Smartkarma
Analyst coverage of BP PLC on Smartkarma reveals valuable insights from independent analyst Jesus Rodriguez Aguilar. In the research report titled “Crude Awakening: Shell’s Possible Bid to Refine BP’s Future,” Aguilar discusses Shell’s potential bid for BP, which could spark Europe’s largest energy merger in years. The estimated $70 billion in synergies, strategic alignment, and financially disciplined deal structure illustrate the strong industrial logic behind the potential merger. Despite regulatory hurdles, anticipated divestitures in UK/EU fuel retail and manageable structural issues in the U.S. provide a pathway forward for the merger.
A look at BP PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
BP plc’s long-term outlook, as indicated by the Smartkarma Smart Scores, suggests a promising future ahead. With high scores in Dividend and Growth, the company is positioned well to provide strong returns to investors while also showing potential for expansion and development. The company’s focus on rewarding shareholders and its commitment to sustainable growth are key strengths that bode well for its future performance.
However, the scores for Value and Resilience are slightly lower, indicating areas where BP plc may need to focus on improvement. Despite these challenges, the company’s overall momentum remains steady, reflecting a sense of stability and consistency in its operations. Overall, BP plc’s diversified business model and strategic focus on dividends and growth present a positive outlook in the long term.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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