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STOHF - BP: Disappointing Earnings Growth Story Slowed
Equinor ASA
On Thursday, August 4, 2020, energy supermajor BP PLC (BP) announced its second quarter 2020 earnings results. The company posted a very large year-over-year revenue decline, which was certainly not unexpected for an energy company. The company did manage to beat the expectations of its analysts in terms of earnings though, and the market responded quite favorably to this, so investors are probably reasonably pleased about the results. There were certainly some good things in this report, but most of the things here were negative, and the company ended up slashing the dividend that many