Earnings Beat: Headquartered in London, BP plc (BP - Free Report) reported fourth-quarter adjusted earnings of $1.04 per American Depositary Share (ADS) on a replacement cost basis. The bottom-line surpassed the Zacks Consensus Estimate of 78 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of earnings for the quarter has been unchanged in the last seven days.
BP has an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in two of the last four quarters, the average positive earnings surprise being 11.8%.
BP p.l.c. Price and EPS Surprise
BP p.l.c. Price and EPS Surprise | BP p.l.c. Quote
Revenue: Revenues of $76,885 million came higher than $70,022 million in the year-ago comparable quarter. The top-line also beat the Zacks Consensus Estimate of $60,718 million.
Key Stats: Total production of 2.627 million barrels of oil equivalent per day (MMBoe/d) was higher than the year-earlier quarter level of 2.581 MMBoe/d.
The company sold liquids for $61.80 per barrel in the fourth quarter (versus $56.16 in the year-earlier quarter) and natural gas for $4.33 per thousand cubic feet (versus $3.23). Overall price realization increased to $42.98 per Boe from the year-ago level of $37.48 per Boe.
Zacks Rank: Currently, BP has a Zacks Rank #4 (Sell) but that could change following its fourth-quarter 2018 report which has just released.
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