SHEL - BP Q2 2023 Earnings Preview

2023-07-31 11:35:14 ET

• BP p.l.c. ( NYSE: BP ) is scheduled to announce Q2 earnings results on Tuesday, August 1st, before market open.
• The consensus EPS Estimate is $1.16 and the consensus revenue estimate is $54.79B vs $3.08B in the year ago quarter
• Rival Shell ( SHEL ) and Equinor's ( EQNR ) profits plunged as oil and gas prices fell in the quarter sending shares of both the companies down.
• BP has a Quant rating of HOLD with a 3.38 rating score
• Wall Street analysts have a BUY rating on the stock, while Seeking Alpha analysts have a HOLD rating on the stock which gained over 8% YTD
• Last week Austria oil and gas company OMV ( OTCPK:OMVJF ) said BP ( BP ) had agreed to supply up to 1M metric tons/year of liquefied natural gas for 10 years starting in 2026.
• Over the last 2 years, BP has beaten EPS estimates 75% of the time and has beaten revenue estimates 63% of the time.
• Over the last 3 months, EPS estimates have seen 1 upward revision and 4 downward. Revenue estimates have seen 1 upward revision and 2 downward.

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