BP plc (ADR) (BP) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.05. The company posted revenue of $46442.00 million in the period, compared to analysts expectations of $48687.74 million. The company’s revenue was down -25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on BP plc (ADR). BP plc (ADR) was Upgraded by Morgan Stanley to ” Overweight” on Jun 30, 2016. BP plc (ADR) was Upgraded by Citigroup to ” Buy” on Jun 16, 2016.
BP plc (ADR) closed down -0.07 points or -0.19% at $35.96 with 51,53,621 shares getting traded on Wednesday. Post opening the session at $35.91, the shares hit an intraday low of $35.7 and an intraday high of $36.07 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation energy for heat and light lubricants and the petrochemicals products used to make everyday items including paints clothes and packaging. The Company operates in three business segments: Upstream Downstream and Rosneft. The Upstream segment’s activities include oil and natural gas exploration field development and production; midstream transportation storage and processing and the marketing and trading of natural gas including liquefied natural gas (LNG) together with power and natural gas liquids (NGLs). The Company’s Downstream segment’s activities include the refining manufacturing marketing transportation and supply and trading of crude oil petroleum petrochemicals products and related services to wholesale and retail customers. BP’s interest in Rosneft an oil company in Russia is reported as a separate operating segment.