Company report

BP corporate - reported results analysis

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

Report summary

A strong quarter for BP, with earnings of $2.6 billion coming in ahead of analysts' consensus forecasts. Upstream was the driver, with continued ramp-up from the seven major projects brought onstream last year and another quarter of "negative decline" from the base, all benefiting from higher oil and gas price realisations. The full year outlook is strong. We believe BP will be cash flow neutral in 2018 at an average Brent price of $48/bbl. Gearing should fall sequentially through the rest of the year, allowing BP to ramp up the buyback programme from Q2, and affording it greater flexibility to address longer-term portfolio renewal.

What's included

This report contains

  • Document

    BP corporate - reported results analysis

    PDF 649.09 KB

Table of contents

  • Other BP research
  • Q1 2018
    • Q4 and full-year 2017 results
    • Guidance
    • Strategy update
    • Key figures
    • Key figures
    • Key figures
  • Strategy update 2017
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A and business development
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Q2 2015
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / investment
    • Operational performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Pre 2013
    • Overview
    • Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Guidance / Strategy
    • M&A / Business development
    • Exploration
    • Investment / Finance

Tables and charts

This report includes 4 images and tables including:

Images

  • BP: evolution of quarterly net income
  • BP: evolution of production

Tables

  • Q1 2018: Table 1
  • Q4 2017 results and strategy update: Table 1

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898