Why BP's Stock Is Trading Lower Today

by Tanzeel Akhtar, Benzinga Staff Writer

February 2, 2021 11:51 AM | 1 min read | Make a Comment

BP plc BP shares are trading lower after the company reported worse-than-expected fourth-quarter EPS and sales results.

BP reported quarterly earnings of $0.03 per share, which missed the analyst consensus estimate of $0.08. The company reported quarterly sales of $44.79 billion, which missed the analyst consensus estimate of $46.61 billion.

BP is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2019, it produced 2.3 million barrels of liquids and 9.5 billion cubic feet of natural gas per day, including volumes from its 20% ownership interest in Rosneft.

BP shares were trading down 6.30% at $20.81. The stock has a 52-week high of $37.78 and a 52-week low of $14.74.

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