Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Equity Bottom-Up

<ul>
<li>BP’s Q4 revenue declined 12.3% YoY, missing estimates by 2.6%, while EPS fell 58.9% YoY and missed estimates by 3.4%. Underlying net profit dropped 60.9% YoY to USD 1.17 billion.</li>
<li>Elliott acquired a 5% stake in BP, becoming its third-largest shareholder. The activist fund is likely to push for a stronger focus on fossil fuels and a pullback on renewables.</li>
<li>BP's Q4 cash flow dropped 20.8% YoY to USD 7.4 billion, while net debt climbed 10% to USD 23 billion. Despite this, it announced a USD 1.75 billion share buyback.</li>
</ul>


BP’s Q4 revenue declined 12.3% YoY, missing estimates by 2.6%, while EPS fell 58.9% YoY and missed estimates by 3.4%. Underlying net profit dropped 60.9% YoY to USD 1.17 billion.
Elliott acquired a 5% stake in BP, becoming its third-largest shareholder. The activist fund is likely to push for a stronger focus on fossil fuels and a pullback on renewables.
BP's Q4 cash flow dropped 20.8% YoY to USD 7.4 billion, while net debt climbed 10% to USD 23 billion. Despite this, it announced a USD 1.75 billion share buyback.


[Earnings Review] BP Reports Weakest Profit Since 2020, but Elliott’s Stake Sparks a Rally