BP p.l.c. (BP) Q2 2024 Earnings Call Transcript

SA Transcripts
153.96K Followers

Q2: 2024-07-30 Earnings Summary

EPS of $1.00 beats by $0.09
 | Revenue of $47.30B (-2.55% Y/Y) misses by $3.64B

BP p.l.c. (NYSE:BP) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET

Company Participants

Craig Marshall - Group Head, IR
Murray Auchincloss - CEO & Director
Katherine Thomson - CFO, SVP, Finance for Production & Operations & Director
Emma Delaney - EVP Customers & Products
Carol Howle - EVP, Trading & Shipping

Conference Call Participants

Irene Himona - Bernstein
Biraj Borkhataria - RBC Capital Markets
Paul Cheng - Scotiabank
Michele Della Vigna - Goldman Sachs
Lydia Rainforth - Barclays Bank
Peter Low - Redburn Atlantic
Roger Read - Wells Fargo Securities
Ryan Todd - Piper Sandler
Lucas Herrmann - BNP Paribas
Martijn Rats - Morgan Stanley
Alastair Syme - Citigroup
Christopher Kuplent - Bank of America Merrill Lynch
Josh Stone - UBS
Doug Leggate - Wolfe Research

Craig Marshall

A warm welcome to everyone joining us in person at our headquarters today and to those joining online and on the phones. I trust everyone has had a chance to watch the second quarter 2024 video presentation and read our stock exchange announcement, both of which were posted this morning on our website, bp.com. We heard the feedback that you appreciated this new format. For today, we're aiming to finish the call at 2 p.m. UK time.

So with that let me hand over to Murray for some brief opening remarks.

Murray Auchincloss

Great. Thanks, Craig, and thanks to everyone for joining today. I'm in the room and I'm joined by Kate Thomson, CFO; Carol Howle, EVP, Trading and Shipping; and Emma Delaney, EVP Customers and Products, which luckily for me will provide me with the opportunity to pass all difficult questions to them today.

To recap on today's results, our operations are running really well. 96% upstream plant reliability and 96% refining availability in the quarter. We generated strong operating cash flow of $8.1

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