BP Full Year 2022 Earnings: Beats Expectations
BP (LON:BP.) Full Year 2022 Results
Key Financial Results
Revenue: US$246.4b (up 57% from FY 2021).
Net loss: US$2.49b (down by 133% from US$7.56b profit in FY 2021).
US$0.13 loss per share (down from US$0.38 profit in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BP Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 71%.
Looking ahead, revenue is expected to fall by 12% p.a. on average during the next 2 years compared to a 4.8% decline forecast for the Oil and Gas industry in the United Kingdom.
Performance of the British Oil and Gas industry.
The company's shares are up 4.9% from a week ago.
Before we wrap up, we've discovered 1 warning sign for BP that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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