Equity Profile

BP

BP p.l.c.

EnergyIntegrated Oil & Gas$111.0B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

BP p.l.c. is a major player in the integrated oil and gas sector, involved in the exploration, production, and distribution of energy....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well BP managed costs and revenues in the quarter.

N/A

Revenue

Revenue figures will provide insight into BP's sales performance and market demand for energy products.

N/A

1 more metrics, 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 integrated oil and gas sector, involved in the exploration, production, and distribution of energy. As the world transitions towards cleaner energy, BP's strategies and performance in both traditional and renewable energy markets are crucial for investors to watch.

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 by 61%. The stock reacted positively, gaining 0.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of BP's earnings report, especially after a strong Q1 performance. However, the lack of analyst estimates adds uncertainty.

Bull Case

If BP continues to outperform expectations, particularly in EPS and revenue, it could signal strong operational efficiency and market demand.

Bear Case

Conversely, if BP fails to meet expectations or faces challenges from fluctuating oil prices, it may lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and a significant deviation from expectations could heavily influence stock performance.

How are current oil prices affecting BP's revenue outlook?

Given the volatility in oil prices, understanding their impact on revenue is crucial for assessing BP's financial health and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating BP's ability to leverage higher oil prices for improved margins, especially given recent operational efficiencies.

Supporting Evidence

BP's Q1 EPS surprise of 61% indicates strong underlying performance.

Options pricing suggests a larger expected move than historical averages, indicating heightened investor sentiment.

The lack of analyst estimates may lead to a more pronounced reaction to actual results.

Key Risk

If BP's revenue shows strong growth despite oil price fluctuations, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching BP's ability to maintain profitability amid fluctuating oil prices and changing energy demands.

Bull Confirmed If

An EPS of $1.60 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $1.00 would indicate significant challenges and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant 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 2.57%, confirming strong operational efficiency.

In-Line / Cautious

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

Miss

A miss could lead to a decline of approximately 0.07%, reflecting market disappointment in BP's 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 strategy for transitioning to renewable energy sources.
2Details on cost management and operational efficiencies achieved in Q2.
3Insights into how geopolitical events are impacting oil supply and pricing.
4Management's outlook on future oil demand and pricing trends.
5Any commentary on capital expenditures and investments in new 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 integrated oil and gas sector, involved in the exploration, production, and distribution of energy....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well BP managed costs and revenues in the quarter.

N/A

Revenue

Revenue figures will provide insight into BP's sales performance and market demand for energy products.

N/A

1 more metrics, 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 by 61%. The stock reacted positively, gaining 0.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of BP's earnings report, especially after a strong Q1 performance. However, the lack of analyst estimates adds uncertainty.

Bull Case

If BP continues to outperform expectations, particularly in EPS and revenue, it could signal strong operational efficiency and market demand.

Bear Case

Conversely, if BP fails to meet expectations or faces challenges from fluctuating oil prices, it may lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and a significant deviation from expectations could heavily influence stock performance.

How are current oil prices affecting BP's revenue outlook?

Given the volatility in oil prices, understanding their impact on revenue is crucial for assessing BP's financial health and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating BP's ability to leverage higher oil prices for improved margins, especially given recent operational efficiencies.

Supporting Evidence

BP's Q1 EPS surprise of 61% indicates strong underlying performance.

Options pricing suggests a larger expected move than historical averages, indicating heightened investor sentiment.

The lack of analyst estimates may lead to a more pronounced reaction to actual results.

Key Risk

If BP's revenue shows strong growth despite oil price fluctuations, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching BP's ability to maintain profitability amid fluctuating oil prices and changing energy demands.

Bull Confirmed If

An EPS of $1.60 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $1.00 would indicate significant challenges and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant 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 2.57%, confirming strong operational efficiency.

In-Line / Cautious

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

Miss

A miss could lead to a decline of approximately 0.07%, reflecting market disappointment in BP's 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 strategy for transitioning to renewable energy sources.
2Details on cost management and operational efficiencies achieved in Q2.
3Insights into how geopolitical events are impacting oil supply and pricing.
4Management's outlook on future oil demand and pricing trends.
5Any commentary on capital expenditures and investments in new projects.