BP p.l.c. (BP) CEO Bernard Looney on Q2 2022 Results - Earnings Call Transcript

Aug. 02, 2022 5:45 AM ETBP p.l.c. (BP) Stock, BPAQF Stock
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Q2: 2022-08-02 Earnings Summary

10-Q10-Q
EPS of $2.61 beats by $0.48 | Revenue of $67.87B (86.10% Y/Y) beats by $7.00B

BP p.l.c. (NYSE:BP) Q2 2022 Earnings Conference Call August 2, 2022 4:00 AM ET

Company Participants

Craig Marshall - Senior Vice President & Head-Investor Relations
Bernard Looney - Chief Executive Officer
Murray Auchincloss - Chief Financial Officer

Conference Call Participants

Gordon Gray - HSBC
Martijn Rats - Morgan Stanley
Chris Kuplent - Bank of America
Lydia Rainforth - Barclays
Jason Kenney - Banco Santander
Oswald Clint - Bernstein
Irene Himona - Societe Generale
Lucas Herrmann - BNP Exane
Amy Wong - Credit Suisse
Jason Gabelman - Cowen
Paul Cheng - Scotiabank
Peter Low - Redburn
Henri Patricot - UBS

Craig Marshall

Good morning, everyone, and welcome to BP’s Second Quarter 2022 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, including those that refer to our estimates, plans and expectations. Actual results and outcomes could differ materially due to the factors we note on this slide and in our UK 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

Very good. Well, thanks, Craig, and good morning to everyone, and welcome to our second quarter results. It's great to have you join us on the call, obviously, and it's great to see those of you who are here in person, thank you for making the trip.

You're going to hear about what I hope you will agree, is some good progress from us today. But before we do that, let me take a moment to put what follows in context. Russia's military action is continuing in the Ukraine, devastating people's lives and

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