trending Market Intelligence /marketintelligence/en/news-insights/trending/6Gw1TLrtiBAvSFajwYQl2g2 content esgSubNav
In This List

BP plc profit beats consensus by 26.1% in Q1

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


BP plc profit beats consensus by 26.1% in Q1

BP Plc said its normalized net income for the first quarter amounted to 9 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS decreased 52.6% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.62 billion, a decline of 53.3% from $3.46 billion in the year-earlier period.

The normalized profit margin fell to 2.9% from 3.8% in the year-earlier period.

Total revenue decreased 40.9% on an annual basis to $54.20 billion from $91.71 billion, and total operating expenses fell 40.4% year over year to $51.84 billion from $86.98 billion.

Reported net income declined 26.2% on an annual basis to $2.60 billion, or 14 cents per share, from $3.53 billion, or 19 cents per share.