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TTE - BP Plc: A Fundamental Look At The First Quarter 2022
TotalEnergies SE ADR (Sponsored)
BP reported first-quarter adjusted earnings of $1.92 per American Depositary Share ("ADS") on a replacement cost basis beating analysts' expectations.
The quarter's production was 2,252K Boep/d (not including Rosneft production of 750K Boep/d), up 1.5% compared to last year and down 3.4% sequentially.
I recommend buying BP on any weakness at or below $33 with potential lower support at $30.5.