BP p.l.c.'s (BP) CEO Bernard Looney Q2 2021 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts
150.27K Followers

Q2: 2021-08-03 Earnings Summary

10-Q10-Q10-Q
EPS of $0.83 beats by $0.23 | Revenue of $36.47B (15.13% Y/Y) misses by $4.23B

BP p.l.c. (NYSE:BP) Q2 2021 Earnings Conference Call August 3, 2021 4:00 AM ET

Company Participants

Craig Marshall - Group Head, IR
Bernard Looney - Group CEO & Director
Murray Auchincloss - Executive of Finance, CFO & Director

Conference Call Participants

Michele Della Vigna - Goldman Sachs Group
Peter Low - Redburn
Paul Cheng - Scotiabank
Lucas Herrmann - Exane BNP Paribas
Jonathon Rigby - UBS
Biraj Borkhataria - RBC Capital Markets
Jason Gabelman - Cowen and Company
Christyan Malek - JPMorgan Chase & Co.
Irene Himona - Societe Generale
Christopher Kuplent - Bank of America Merrill Lynch
Lydia Rainforth - Barclays Bank
Alastair Syme - Citigroup
Jason Kenney - Santander
Martijn Rats - Morgan Stanley

Operator

Welcome to the BP presentation to the financial community webcast and conference call. I now hand over to Craig Marshall, Head of Investor Relations.

Craig Marshall

Good morning, everyone, and welcome to BP's Second Quarter 2021 Results Presentation. I'm here today with Bernard Looney, Chief Executive Officer; and Murray Auchincloss, Chief Financial Officer. Before we begin today, let me draw your attention to our cautionary statement.

During today's presentation, we will make forward-looking statements that refer to our estimates, plans and expectations. Actual results and outcomes could differ materially due to factors we note on this slide and in our U.K. and SEC filings. Please refer to our annual report, stock exchange announcement and SEC filings for more details. These documents are available on our website.

I'll now hand over to Bernard.

Bernard Looney

Thanks, Craig. Good morning, everyone, and welcome to our second quarter results for 2021. Thanks for joining us. We are reporting what I hope you'll agree is another strong set of financial results.

For the quarter, underlying replacement cost profit was $2.8 billion, operating cash flow was $5.4 billion, net debt fell for the

Recommended For You

About BP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on BP