BP Misses Q1 Earnings Estimates, Expects 2024 Production Hike
BPBP(BP) Zacks Investment Research·2024-05-08 01:51

BP plc (BP) reported first-quarter 2024 adjusted earnings of 97 cents per American Depositary Share on a replacement-cost basis, excluding non-operating items. The bottom line missed the Zacks Consensus Estimate of 1.03anddeclinedfromthe1.03 and declined from the 1.66 reported a year ago. Total quarterly revenues of 50billionlaggedtheZacksConsensusEstimateof50 billion lagged the Zacks Consensus Estimate of 61.8 billion and declined from the $57 billion reported in the year-ago quarter. Lower realizations of commodity prices primarily led to weak quarterly results. O ...