May 25, 2018 - 7:15 AM EDT
Print Email Article Font Down Font Up Charts


Free Research Report as BP's Q1 Results Growth Outperformed Expectations

Stock Monitor: MagneGas Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free earnings report on BP PLC (NYSE: BP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BP. The Company posted its financial results on May 01, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The London, UK-based Company's total sales and other operating revenues and underlying RC profit per ADS grew on a y-o-y basis to outperform market forecasts. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for MagneGas Corporation (NASDAQ: MNGA), which also belongs to the Basic Materials sector as the Company BP PLC. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=MNGA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, BP most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BP

Earnings Highlights and Summary

During Q1 FY18, BP's sales and other operating revenues came in at $68.17 billion, up from the $55.86 billion recorded at the end of Q1 FY17. Furthermore, the Company's revenues for the reported quarter topped market expectations of $67.95 billion.

The oil Company reported RC profit of $2.39 billion, or 11.99¢ per diluted share, in Q1 FY18 compared to $1.41 billion, or 7.23¢ per diluted share, in Q1 FY17. BP's underlying RC profit was $2.59 billion, or 12.98¢, in Q1 FY18 compared to $1.51 billion, or 7.74¢, in the year ago same period. Furthermore, the Company's underlying RC profit per American Depositary Share (ADS) stood at $0.78 in the reported quarter compared to $0.46 in Q1 FY17, beating market analysts' forecasts of $0.68 for Q1 FY18.

Segment Performance

BP's Upstream segment reported revenues of $7.14 billion in Q1 FY18 compared to $5.55 billion in Q1 FY17. The segment's RC profit before interest and tax increased to $3.17 billion in Q1 FY18 compared to $1.26 billion in Q1 FY17.

For Q1 FY18, BP's Downstream segment contributed $60.92 billion to the Company's total revenues versus $50.17 billion in the year ago comparable quarter. The segment reported RC profit before interest and tax of $1.71 billion in Q1 FY18 versus $1.71 billion in Q1 FY17.

Cash Matters and Balance Sheet

For the quarter ended March 31, 2018, BP generated cash from operations of $3.65 billion compared to $2.11 billion in the prior year's corresponding quarter. The Company's capital expenditure was $3.96 billion in Q1 FY18 compared to $4.07 billion in Q1 FY17.

The Company's cash and cash equivalents balance stood at $22.24 billion as on March 31, 2018, compared to $25.59 billion at the close of books as on December 31, 2017. The Company's net debt was $39.99 billion as on March 31, 2018, compared to $38.64 billion as on December 31, 2017. Furthermore, the Company's net debt ratio stood at 28.1% as on March 31, 2018, compared to 28.0% as on December 31, 2017.

Dividend and Share Repurchase

In its earnings press release, BP announced a quarterly dividend of 10.00¢ per ordinary share ($0.600 per ADS), which is expected to be paid on June 22, 2018.

During Q1 FY18, BP repurchased 18 million ordinary shares at a cost of $120 million, including fees and stamp duty.

Stock Performance Snapshot

May 24, 2018 - At Thursday's closing bell, BP's stock declined 1.51%, ending the trading session at $45.75.

Volume traded for the day: 7.92 million shares, which was above the 3-month average volume of 6.02 million shares.

Stock performance in the last month - up 3.58%; previous three-month period - up 14.09%; past twelve-month period - up 23.98%; and year-to-date - up 8.85%

After yesterday's close, BP's market cap was at $152.02 billion.

Price to Earnings (P/E) ratio was at 28.88.

The stock has a dividend yield of 5.25%.

The stock is part of the Basic Materials sector, categorized under the Major Integrated Oil & Gas industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors


Source: ACCESSWIRE Investor Awareness (May 25, 2018 - 7:15 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice