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BP PLC BP. Stock Quote

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Morningstar‘s Stock Analysis BP.

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BP Reports Strong Q2 Earnings and More Debt Reduction; Boosts Shareholder Payout; Hikes Dividend 10%

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Following the trend of peers who have already reported, BP's second-quarter adjusted earnings exceeded market expectations at $8.5 billion compared with $2.8 billion a year ago largely on higher commodity prices and strong refining margins.

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Key Statistics BP.

Company Profile BP.

Business Description

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 1.1 million barrels of liquids and 6.5 billion cubic feet of natural gas per day. At end-2020, reserves stood at 7.9 billion barrels of oil equivalent, 53% of which are liquids. The company operates refineries with a capacity of 1.9 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

Contact
1 St James's Square
London, SW1Y 4PD, United Kingdom
T +44 2074964000
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 65,835