Recap: BP Q2 Earnings

Shares of BP BP rose 8.0% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 338.55% over the past year to ($1.98), which missed the estimate of ($1.10).

Revenue of $31,676,000,000 decreased by 56.41% year over year, which missed the estimate of $42,780,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

BP hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 04, 2020

Time: 04:00 AM

ET Webcast URL: https://webcast.bp.com/ir/2020/02/registration/?utm_source=2Q20BPInvestapp

Technicals

Company's 52-week high was at $40.08

Company's 52-week low was at $15.51

Price action over last quarter: down 6.17%

Company Overview

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. 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. At year-end 2018, reserves stood at 19.9 billion barrels of oil equivalent, 57% of which are liquids. The company operates refineries with a capacity of 1.9 million barrels of oil per day.