Equity Profile

BP

BP p.l.c.

EnergyIntegrated Oil & Gas$110.9B

Apr28Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market1:00 AM EDT

BP Beats on EPS, Stock Down 0.61%

Metric	Actual	Expected	Surprise
EPS	$1.47	$0.88	+61.01%
Revenue	N/A	$46.0B	N/A

management commentary, guidance changes, and full analysis available with Pro.

BP Beats on EPS, Stock Down 0.61%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.47	$0.88	+61.01%
Revenue	N/A	$46.0B	N/A

Management Commentary

Tone: Cautiously Optimistic

Management expressed satisfaction with the earnings per share results, highlighting the company's resilience. They acknowledged ongoing market challenges but emphasized their commitment to long-term goals.

We are pleased with our EPS performance this quarter.

Market conditions remain challenging, but we are focused on our long-term strategy.

What It Means

BP's strong EPS performance indicates better-than-expected profitability, which is a positive sign for the company. However, the stock reacted negatively, declining by 0.61%. This may reflect investor concerns about the lack of revenue data and guidance, leaving uncertainty about future performance.

Company Snapshot

BP p.l.c. is a major player in the energy sector, focusing on integrated oil and gas operations....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

$0.88

Revenue

Revenue reflects the company's ability to generate sales and is critical for assessing overall performance.

$46.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

BP p.l.c. is a major player in the energy sector, focusing on integrated oil and gas operations. With a market cap of $119 billion, it plays a crucial role in global energy supply, especially as the world transitions to more sustainable energy sources.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-15.85%

Avg Stock Reaction

-1.24%

Last Quarter Recap

In Q4 2025, BP reported an EPS of $0.60, slightly beating expectations. However, the stock fell by 5.74% the following day, indicating market disappointment.

Management Promises & Guidance

Focus on cost management and operational efficiency.
Commitment to transitioning towards renewable energy sources.
Plans to enhance shareholder returns through dividends and buybacks.

Expectations

Wall Street Expectations

Analysts expect BP to report an EPS of $0.88 and revenue of $46.0 billion for Q1 2026. The market is watching closely for any signs of recovery in oil prices and operational improvements.

Bull Case

If BP exceeds EPS expectations and shows strong revenue growth, it could signal a robust recovery and improved market conditions, boosting investor confidence.

Bear Case

Conversely, if BP misses estimates or provides weak guidance, it could raise concerns about ongoing challenges in the energy sector and lead to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.88

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$46.0B

Revenue reflects the company's ability to generate sales and is critical for assessing overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BP's EPS exceed $0.88, indicating stronger profitability?

A beat on EPS could signal effective cost management and operational efficiency, which are crucial for investor confidence.

What guidance will BP provide regarding future revenue growth?

Clear guidance on revenue growth is essential for assessing BP's ability to navigate market challenges and capitalize on opportunities.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate BP's ability to adapt to changing market conditions and improve operational efficiency.

Supporting Evidence

BP's recent focus on renewable energy could enhance long-term growth prospects.

The options market is pricing in a larger move than historical averages, indicating potential for a surprise.

Insider buying activity suggests confidence in BP's future performance.

Key Risk

If BP's revenue growth exceeds $46.0 billion, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating BP's ability to manage costs and grow revenue amidst fluctuating oil prices.

Bull Confirmed If

An EPS of $0.90 or higher would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.70 would raise concerns about ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±4.2%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±5.0% while BP has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

32.4%

Calls (884K)P/C Ratio: 0.92Puts (815K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BP beats expectations, history suggests a potential average move of +3.1%, confirming a positive outlook.

In-Line / Cautious

If BP meets expectations but provides cautious guidance, the stock may react moderately, reflecting uncertainty.

Miss

A miss on EPS could lead to a decline, with history suggesting an average move of -0.8%, indicating market disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

D-ILJonathan JacksonRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on BP's renewable energy initiatives and their impact on future revenue.
2Details on cost management strategies and operational efficiencies.
3Guidance on oil price expectations and their influence on profitability.
4Insights into market demand for oil and gas in the upcoming quarters.
5Comments on shareholder returns and any plans for dividends or buybacks.

See the full picture

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Company Snapshot

BP p.l.c. is a major player in the energy sector, focusing on integrated oil and gas operations....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

$0.88

Revenue

Revenue reflects the company's ability to generate sales and is critical for assessing overall performance.

$46.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-15.85%

Avg Stock Reaction

-1.24%

Last Quarter Recap

In Q4 2025, BP reported an EPS of $0.60, slightly beating expectations. However, the stock fell by 5.74% the following day, indicating market disappointment.

Management Promises & Guidance

Focus on cost management and operational efficiency.
Commitment to transitioning towards renewable energy sources.
Plans to enhance shareholder returns through dividends and buybacks.

Expectations

Wall Street Expectations

Analysts expect BP to report an EPS of $0.88 and revenue of $46.0 billion for Q1 2026. The market is watching closely for any signs of recovery in oil prices and operational improvements.

Bull Case

If BP exceeds EPS expectations and shows strong revenue growth, it could signal a robust recovery and improved market conditions, boosting investor confidence.

Bear Case

Conversely, if BP misses estimates or provides weak guidance, it could raise concerns about ongoing challenges in the energy sector and lead to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.88

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$46.0B

Revenue reflects the company's ability to generate sales and is critical for assessing overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BP's EPS exceed $0.88, indicating stronger profitability?

A beat on EPS could signal effective cost management and operational efficiency, which are crucial for investor confidence.

What guidance will BP provide regarding future revenue growth?

Clear guidance on revenue growth is essential for assessing BP's ability to navigate market challenges and capitalize on opportunities.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate BP's ability to adapt to changing market conditions and improve operational efficiency.

Supporting Evidence

BP's recent focus on renewable energy could enhance long-term growth prospects.

The options market is pricing in a larger move than historical averages, indicating potential for a surprise.

Insider buying activity suggests confidence in BP's future performance.

Key Risk

If BP's revenue growth exceeds $46.0 billion, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating BP's ability to manage costs and grow revenue amidst fluctuating oil prices.

Bull Confirmed If

An EPS of $0.90 or higher would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.70 would raise concerns about ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±4.2%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±5.0% while BP has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

32.4%

Calls (884K)P/C Ratio: 0.92Puts (815K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BP beats expectations, history suggests a potential average move of +3.1%, confirming a positive outlook.

In-Line / Cautious

If BP meets expectations but provides cautious guidance, the stock may react moderately, reflecting uncertainty.

Miss

A miss on EPS could lead to a decline, with history suggesting an average move of -0.8%, indicating market disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

D-ILJonathan JacksonRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on BP's renewable energy initiatives and their impact on future revenue.
2Details on cost management strategies and operational efficiencies.
3Guidance on oil price expectations and their influence on profitability.
4Insights into market demand for oil and gas in the upcoming quarters.
5Comments on shareholder returns and any plans for dividends or buybacks.