- BP’s 1Q adjusted Ebit surpassed estimates, coming in at $5.95 billion over the estimated $5.85 billion.
- The adjusted oil production & operations PBIT was $3.13 billion, slightly under the estimated $3.23 billion.
- Adjusted gas & low carbon energy PBIT exceeded expectations at $1.66 billion, compared to an estimate of $1.62 billion.
- Adjusted other businesses & corporate PBIT reduced losses to $154 million, an improvement over the estimated loss of $209.3 million.
- The adjusted customers & products PBIT stood at $1.29 billion, surpassing the expected figure of $1.12 billion.
- BP’s adjusted net income was $2.72 billion, falling a bit short of the $2.92 billion estimate.
- Attributable profit amounted to $2.26 billion.
- Capital expenditure totalled $3.72 billion, lower than the anticipated $4.17 billion.
- Organic capex was slightly higher at $3.98 billion.
- Operating cash flow was reported at $5.01 billion, lower than the estimated $6.72 billion.
- Net debt rose to $24.02 billion, exceeding the estimate of $21.65 billion.
- Inclusive of leases, the net debt was at $34.94 billion, also surpassing the estimated $32.43 billion.
- Debt gearing was reported at 22%, slightly higher than the estimated 20.7%.
- Adjusted EPS was reported at 16.24c, lower than the estimated 17.44c.
- The dividend per share was declared at 7.270c, nearly meeting the estimate of 7.300c.
- 14 buys, 5 holds and 2 sells were recorded
A look at BP PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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, an oil and petrochemicals company, presents a favorable long-term outlook based on the Smartkarma Smart Scores. With strong scores in Growth and Dividend of 5 and 4 respectively, BP is positioned well for future expansion and steady dividend payouts. Additionally, its Momentum score of 4 indicates positive price trends in the market, reflecting investor confidence in the company’s prospects. While Value and Resilience scores are not as high at 3 each, the overall outlook remains promising for BP.
Within its operations, BP explores for and produces oil and natural gas, refines and markets petroleum products, generates solar energy, and manufactures a variety of chemicals including terephthalic acid, acetic acid, and ethylene. With a diverse portfolio, BP demonstrates a strong presence in multiple sectors, contributing to its favorable Growth and Dividend scores. Overall, BP plc’s Smartkarma Smart Scores suggest a bright future ahead for the company.
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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