BP PLC (BP) on Tuesday reported first-quarter net income of $8.22 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the London-based company said it had net income of $2.70. Earnings, adjusted for non-recurring gains, were $1.66 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share
LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported first-quarter net income of $8.22 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the London-based company said it had net income of $2.70. Earnings, adjusted for non-recurring gains, were $1.66 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The oil and gas company posted revenue of $56.95 billion in the period.
BP shares have increased 15% since the beginning of the year. The stock has increased 39% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BP">Zacks stock report on BP at https://www.zacks.com/ap/BP