trending Market Intelligence /marketintelligence/en/news-insights/trending/XDs96uUId6oCT9OB9M1DeQ2 content esgSubNav
In This List

BP plc Q2 profit falls YOY


Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero


Broadcast deal market recap, Q2'22


Japan M&A By the Numbers: Q1 2022

BP plc Q2 profit falls YOY

BP Plc said its second-quarter normalized net income came to 8 cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.

EPS decreased 60.6% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.40 billion, a decline of 61.2% from $3.59 billion in the prior-year period.

The normalized profit margin fell to 2.3% from 3.8% in the year-earlier period.

Total revenue declined 35.5% on an annual basis to $60.65 billion from $93.96 billion, and total operating expenses decreased 33.9% year over year to $59.09 billion from $89.38 billion.

Reported net income came to a loss of $5.82 billion, or a loss of 32 cents per share, compared with income of $3.37 billion, or 18 cents per share, in the year-earlier period.