Equity Profile

BP

BP p.l.c.

EnergyIntegrated Oil & Gas$113.9B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

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

EPS

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

$1.78

Revenue

Total revenue reflects the company's overall sales performance and market demand for its products.

$59.9B

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

BP Q2-2026 Earnings Preview

Context

Company Snapshot

BP p.l.c. is a major player in the energy sector, focusing on integrated oil and gas operations. As a global energy company, BP is involved in exploring, producing, refining, and distributing oil and gas, which makes it significant in discussions about energy supply and sustainability.

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 Q1-2026, BP reported an EPS of $1.47, significantly beating expectations of $0.91, which led to a positive market reaction. However, revenue figures were not disclosed.

Management Promises & Guidance

Focus on maintaining operational efficiency.
Commitment to sustainable energy initiatives.
Plans to enhance shareholder returns.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about BP's upcoming earnings, expecting solid EPS growth driven by higher oil prices and operational improvements. However, concerns about market volatility and regulatory pressures linger.

Bull Case

If BP exceeds EPS expectations and shows strong revenue growth, it could signal robust operational performance and increased investor confidence.

Bear Case

A miss on earnings or revenue could raise red flags about BP's ability to navigate current market challenges and sustain profitability.

Key Metrics to Watch

EPS

$1.78

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

Revenue

$59.9B

Total revenue reflects the company's overall sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BP's EPS exceed the consensus estimate of $1.78?

A strong EPS could reinforce BP's recovery narrative and boost investor confidence.

What guidance will BP provide regarding future revenue growth?

Clear guidance on revenue can help investors assess BP's ability to navigate market challenges and sustain profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate BP's operational efficiency improvements and its ability to adapt to market conditions.

Supporting Evidence

BP's recent EPS surprise of +61.01% suggests stronger-than-expected performance.

The options market is pricing in a larger move than historical averages indicate, suggesting heightened expectations.

Insider buying activity could indicate confidence in BP's future performance.

Key Risk

If BP's revenue growth comes in below $55B, it could challenge the optimistic consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing BP's ability to capitalize on higher oil prices against potential operational challenges.

Bull Confirmed If

An EPS of $1.85 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.50 would signal potential challenges in maintaining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

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

Options are pricing ±7.2% while BP has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

32.0%

Calls (921K)P/C Ratio: 0.35Puts (382K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BP beats expectations, history suggests a potential stock increase of around 2.4%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity.

Miss

A miss could lead to a decline of approximately 0.07%, indicating market disappointment and concerns about future performance.

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 operational efficiency initiatives.
2Details on revenue growth projections for the upcoming quarters.
3Insights into BP's strategy for navigating regulatory challenges.
4Comments on market conditions affecting oil prices.
5Updates on BP's investments in sustainable energy projects.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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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

EPS

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

$1.78

Revenue

Total revenue reflects the company's overall sales performance and market demand for its products.

$59.9B

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

BP Q2-2026 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 Q1-2026, BP reported an EPS of $1.47, significantly beating expectations of $0.91, which led to a positive market reaction. However, revenue figures were not disclosed.

Management Promises & Guidance

Focus on maintaining operational efficiency.
Commitment to sustainable energy initiatives.
Plans to enhance shareholder returns.

Expectations

Wall Street Expectations

Bull Case

If BP exceeds EPS expectations and shows strong revenue growth, it could signal robust operational performance and increased investor confidence.

Bear Case

A miss on earnings or revenue could raise red flags about BP's ability to navigate current market challenges and sustain profitability.

Key Metrics to Watch

EPS

$1.78

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

Revenue

$59.9B

Total revenue reflects the company's overall sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BP's EPS exceed the consensus estimate of $1.78?

A strong EPS could reinforce BP's recovery narrative and boost investor confidence.

What guidance will BP provide regarding future revenue growth?

Clear guidance on revenue can help investors assess BP's ability to navigate market challenges and sustain profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate BP's operational efficiency improvements and its ability to adapt to market conditions.

Supporting Evidence

BP's recent EPS surprise of +61.01% suggests stronger-than-expected performance.

The options market is pricing in a larger move than historical averages indicate, suggesting heightened expectations.

Insider buying activity could indicate confidence in BP's future performance.

Key Risk

If BP's revenue growth comes in below $55B, it could challenge the optimistic consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing BP's ability to capitalize on higher oil prices against potential operational challenges.

Bull Confirmed If

An EPS of $1.85 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.50 would signal potential challenges in maintaining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

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

Options are pricing ±7.2% while BP has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

32.0%

Calls (921K)P/C Ratio: 0.35Puts (382K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BP beats expectations, history suggests a potential stock increase of around 2.4%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity.

Miss

A miss could lead to a decline of approximately 0.07%, indicating market disappointment and concerns about future performance.

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 operational efficiency initiatives.
2Details on revenue growth projections for the upcoming quarters.
3Insights into BP's strategy for navigating regulatory challenges.
4Comments on market conditions affecting oil prices.
5Updates on BP's investments in sustainable energy projects.