BP (LON:BP.) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$47.2b (down 11% from 3Q 2023).

• Net income: US$206.0m (down 96% from 3Q 2023).

• Profit margin: 0.4% (down from 9.2% in 3Q 2023).

• EPS: US$0.013 (down from US$0.28 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BP Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 90%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for BP that you need to be mindful of.

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