The earnings call reflects a mix of strong operational achievements and strategic progress, counterbalanced by challenges in trading performance and refining margins. While the company has made notable strides in cost reduction and project startups, the issues in gas trading and refining margins pose concerns.

Company Guidance -

Q1 2025

In BP's First Quarter 2025 Results Call, a range of performance metrics and strategic updates were discussed. Murray Auchincloss highlighted strong operational performance with over 96% refining availability and more than 95% upstream plant reliability, supporting record operating efficiency. The upstream segment saw the successful start of three major projects, adding a 100 mbd capacity towards a 250 mbd target by 2027. The company made six exploration discoveries, including a significant one in Namibia. Despite a weak gas trading result, the customer and products segment performed strongly, exceeding consensus. BP implemented a $1.5 billion intervention around cash flow for 2025, reducing CAPEX by $0.5 billion to $14.5 billion, with organic CAPEX now below $14 billion for the year. The company also completed or signed $1.5 billion in divestments year-to-date, expecting $3 billion to $4 billion in divestments for the year, with proceeds weighted to the second half. Operating expenditure reduced by $500 million quarter-on-quarter, and the company plans to provide further details on cost reductions in the next quarter's results. Net debt rose due to working capital build, expected to unwind throughout the year. Overall, BP is focused on delivering its ambitious growth plan, maintaining operational efficiency, and optimizing financial resilience.

Strong Operational Performance

BP delivered strong operational performance in Q1 2025 with over 96% refining availability and more than 95% upstream plant reliability, supporting record operating efficiency.

Project Startups and Exploration Discoveries

Successfully started three major projects: Cypre in Trinidad, Raven in Egypt, and GTA in Mauritania and Senegal, adding 100 mbd of capacity. Made six exploration discoveries, including a significant one in Namibia.

Cost Reduction Achievements

Achieved $500 million in underlying operating expenditure reduction quarter-on-quarter, as part of a $4 billion to $5 billion cost reduction program.

Divestment Progress

Completed or signed $1.5 billion in divestment agreements year-to-date with expectations of $3 billion to $4 billion in divestments for 2025, with proceeds weighted to the second half.

BP plc (GB:BP.A) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:BP.A Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2025	2025 (Q2)	- / -	―	―	―	―
Apr 29, 2025	2025 (Q1)	- / -	―	―	―	―
Feb 11, 2025	2024 (Q4)	- / -	―	―	―	―
Oct 29, 2024	2024 (Q3)	- / -	―	―	―	―
Jul 30, 2024	2024 (Q2)	- / -	―	―	―	―
May 07, 2024	2024 (Q1)	- / -	―	―	―	―
Feb 06, 2024	2023 (Q4)	- / -	―	―	―	―
Oct 31, 2023	2023 (Q3)	- / -	―	―	―	―
Aug 01, 2023	2023 (Q2)	- / -	―	―	―	―
May 02, 2023	2023 (Q1)	- / -	―	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:BP.A Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2025	138.50p	142.50p	+2.89%
Feb 11, 2025	133.50p	133.00p	-0.37%
Oct 29, 2024	144.70p	144.70p	0.00%
Jul 30, 2024	138.87p	138.87p	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BP plc (GB:BP.A) report earnings?

BP plc (GB:BP.A) is schdueled to report earning on Aug 05, 2025, Before Open (Not Confirmed).

What is BP plc (GB:BP.A) earnings time?

BP plc (GB:BP.A) earnings time is at Aug 05, 2025, Before Open (Not Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of BP plc stock?

The P/E ratio of BP plc is N/A.

What is GB:BP.A EPS forecast?

Currently, no data Available

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