BP corporate - reported results analysis
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Report summary
Bob Dudley hailed 2017 as "one of the strongest years in BP's recent history". Underlying profits more than doubled year-on-year, with strong performance from the upstream and downstream segments. Production (excluding Rosneft) was up 12% year-on-year, while unit capital and operating costs continue to fall. The base production 'decline' rate was +0.6%. And it was a good year for exploration, with resource additions of 1 billion boe (company estimate) making 2017 BP's most successful year with the drill bit since 2004. The financial frame continued to strengthen. Gearing fell q-on-q and remains within BP's target 20-30% range. As promised, BP commenced share buybacks in Q4, fully offsetting the dilution from scrip dividends issued in Q3.
What's included
This report contains
Table of contents
- Other BP research
-
Q4 2017 results and strategy update
- Q4 and full-year 2017 results
- Guidance
- Strategy update
-
Q3 2017
- Key figures
-
Q2 2017
- Key figures
-
Q1 2017
- Key figures
- Strategy update 2017
-
Q4 2016
- Strategy / Investment
- Operational performance
- Financial performance
- M&A and business development
- Exploration
-
Q3 2016
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q2 2016
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q1 2016
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q4 2015
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q3 2015
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
- Q2 2015
-
Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q1 2015
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q4 2014
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Upstream Investor Day
- Overview
- Strategy / investment
- Operational performance
- M&A
- Exploration
-
Q3 2014
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q2 2014
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q1 2014
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Investor Day - March 2014
-
Overview
- US Lower 48
- Guidance
- Exploration
-
Overview
-
Q4 2013
- Overview
- Strategy / Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q3 2013
- Overview
- Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q2 2013
- Overview
- Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q1 2013
- Overview
- Investment
- Operational performance
- Financial performance
- M&A
- Exploration
- Pre 2013
-
Q4 2012
- Overview
- Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q3 2012
- Overview
- Investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q2 2012
- Overview
- Strategy / investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q1 2012
- Overview
- Strategy / investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q4 2011
- Overview
- Strategy / investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q3 2011
- Overview
- Strategy / investment
- Operational performance
- Financial performance
- M&A
- Exploration
-
Q2 2011
- Overview
- Strategy / investment
-
Operational performance
- Financial performance
- M&A
- Exploration
-
Q1 2011
- Strategy / investment
- Operational performance
- Financial performance
- M&A
-
Q4 2010
- Overview
- Guidance / Strategy
- M&A / Business development
- Exploration
- Investment / Finance
Tables and charts
This report includes 3 images and tables including:
Images
- BP: evolution of quarterly net income
- BP: evolution of production
Tables
- Q4 2017 results and strategy update: Table 1
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