BP PLC (LSE:BP.) new discovery offshore Brazil could be worth somewhere between $10 billion and $20 billion, that's according to analysts at Citi.
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BP's renewed focus on oil growth, upstream project execution, and cost discipline is winning back investor confidence and driving outperformance vs. peers. Strategic divestments in renewables and downstream, alongside major new oil discoveries, reinforce the company's pivot back to its core oil business. Operational reliability and cost-cutting should help BP deliver its plan of free cash flow growth and debt reduction, maintaining a dividend yield around 6%.
After a good few years of disappointment languishing in the shadows of Big Oil rivals, executive departures, costly renewables forays, rumors of a takeover and an activist investor on its back, BP (LON: BP) has finally signalled to the market and its investors that a change might be on the horizon, backed up an improved quarterly performance.
BP p.l.c. (NYSE:BP ) Q2 2025 Earnings Conference Call August 5, 2025 8:00 AM ET Company Participants Craig Marshall - Group Head of Investor Relations Emeka Emembolu - Executive Vice President of Technology Gordon Birrell - Executive Vice President of Production & Operations Katherine Anne Thomson - CFO & Director Murray Auchincloss - CEO & Director Conference Call Participants Biraj Borkhataria - RBC Capital Markets, Research Division Christopher Kuplent - BofA Securities, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Henry Michael Tarr - Joh. Berenberg, Gossler & Co. KG, Research Division Irene Himona - Sanford C.
BP Q2 earnings beat on stronger oil output, but revenues fall year over year amid weaker price realizations.
Investors shouldn't overlook BP PLC (LSE:BP.) Bumerangue discovery in Brazil, not according to analysts at Citi.
BP has signalled an accelerated effort to bring down costs ahead, refusing to rule out further job losses as artificial intelligence (AI) technology helps drive efficiencies.
BP PLC (LSE:BP.) shares rose over 2% to a four-month high after the company beat quarterly profit expectations, ruled out a listing move to the US and said it plans to go further on reshaping the company.
BP PLC (LSE:BP.) beat expectations for second-quarter earnings and unveiled a larger-than-expected dividend and a new $750 million share buyback.
BP on Tuesday posted a second-quarter underlying replacement cost profit, or adjusted net income, of $2.35 billion, beating the average $1.82 billion in a company-provided poll of analysts.
Beyond analysts' top-and-bottom-line estimates for BP (BP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.