BP (NYSE:BP) Issues Earnings Results

BP (NYSE:BP) released its quarterly earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03, Briefing.com reports. BP had a net margin of 0.03% and a return on equity of 9.68%. The business had revenue of $47.38 billion during the quarter, compared to analyst estimates of $42.19 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis.

Here are the key takeaways from BP’s conference call:

• Strong cash generation and cost discipline — adjusted free cash flow was about $13 billion (≈55% price‑adjusted growth) in 2025 and BP has delivered $2.8 billion of structural cost reductions to date, with the target raised to $5.5–$6.5 billion by 2027.
• Upstream delivery and reserves rebuild — seven major projects were started (adding ~150k boe/d toward a 250k boe/d peak), 2026 production is guided at ~2.3 million boe/d excluding divestments, and organic reserve replacement rose to 90%.
• Capital allocation shifted toward balance‑sheet strength — the board suspended buybacks, kept the progressive dividend (4%+ p.a.), and is prioritizing reduction of net debt (currently $22.2 billion) to a $14–$18 billion range by end‑2027, supported by a $20 billion divestment program (~$11 billion completed, Castrol sale expected to underpin ~$6 billion).
• Impairments and slower pace in transition businesses — BP recognized around $4 billion of impairments (mainly in biogas, renewables and related transition assets) as it “high‑grades” the portfolio and curbs growth where returns are weaker.
• Safety incidents amid mixed progress — four fatalities in U.S. retail in 2025 led to permanent changes (ending roadside assistance next to active lanes), even as combined Tier‑1/2 process safety events fell by about a third year‑on‑year.

BP Stock Performance

Shares of BP stock opened at $45.90 on Friday. The business has a fifty day moving average of $38.46 and a 200 day moving average of $36.16. BP has a 1 year low of $25.22 and a 1 year high of $46.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.98. The firm has a market capitalization of $120.36 billion, a price-to-earnings ratio of -4,585.61, a price-to-earnings-growth ratio of 1.47 and a beta of 0.31.

BP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, February 20th will be given a $0.4992 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, February 20th. BP’s dividend payout ratio is presently -19,800.00%.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP agreed to sell its Gelsenkirchen refinery to Klesch Group and raised its structural cost-reduction target by about $1 billion (lifting the target to roughly $6.5–$7.5bn by 2027), a move that streamlines the portfolio and supports margin improvement and balance-sheet strength. BP divests Gelsenkirchen refinery, increases cost reduction goal
• Positive Sentiment: Analyst pieces are flagging BP as a long-term value play and highlighting its trending status, which can attract longer-horizon buyers and support multiple expansion if fundamentals keep improving. Why BP (BP) is a Top Value Stock for the Long-Term
• Positive Sentiment: Operationally, BP is returning to major Gulf projects (first new field since Deepwater Horizon), signaling production growth potential and future cash-flow upside. BP Returns To Gulf With Major Project
• Neutral Sentiment: Traders report Exxon, BP and Vitol are shipping record volumes of U.S. fuels to Australia this month, which may lift refining margins or volumes for BP but is dependent on volatile global product flows. Exxon, BP, Vitol ship most US fuels to Australia for a single month in three decades, traders say
• Neutral Sentiment: BP is relocating its global HQ back to central London (Bankside/Ink building), an operational/real-estate move with limited near-term earnings impact but relevance for corporate costs and image. BP moves back to central London as it chooses Bankside development for new global HQ
• Negative Sentiment: BP has locked out more than 800 union workers at its Whiting, Indiana refinery after stalled contract talks; workers are picketing. The lockout raises near-term operational disruption risks, potential repair/restart costs, and reputational/legal exposure. Locked out BP workers picket outside Indiana refinery amid labor contract dispute BP locks out union workers at Whiting refinery amid contract dispute
• Negative Sentiment: BP and peers face an anticompetitive-conduct probe in Australia, which could lead to fines or constraints in regional trading/business practices if findings are adverse. Regulatory risk is uncertain but worth monitoring. Update: BP, Exxon Mobil Units Face Anticompetitive Conduct Probe in Australia

Institutional Investors Weigh In On BP

A number of large investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in BP in the 3rd quarter worth approximately $43,000. WFA of San Diego LLC acquired a new stake in BP during the 2nd quarter valued at approximately $46,000. Ameriflex Group Inc. boosted its holdings in shares of BP by 39.1% in the 4th quarter. Ameriflex Group Inc. now owns 1,808 shares of the oil and gas exploration company’s stock valued at $63,000 after acquiring an additional 508 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of BP by 52.2% during the fourth quarter. Colonial Trust Co SC now owns 2,914 shares of the oil and gas exploration company’s stock worth $101,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in BP by 7.0% during the third quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BP. Melius Research lowered shares of BP from a “buy” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Wednesday, February 11th. Evercore set a $38.00 price target on shares of BP and gave the stock an “in-line” rating in a report on Tuesday, January 6th. TD Cowen reduced their price target on BP from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, February 13th. Wall Street Zen upgraded BP from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Bank of America downgraded BP from a “neutral” rating to an “underperform” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, BP presently has a consensus rating of “Hold” and an average target price of $37.71.

About BP

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.