From Financial Modeling Prep: 2025-04-29 11:55:00

BP reported first-quarter results below analyst expectations, with net income of $1.38 billion, missing the $1.53 billion estimate. Operating performance remained stable, with EBIT at $4.46 billion. Cash flow from operations reached $6.2 billion, slightly above expectations. The company expects flat upstream production in Q2 and increased downstream maintenance activity. BP adjusted full-year plans, cutting capex to $14.5 billion and projecting divestment proceeds of $3-4 billion.



Read more at Financial Modeling Prep:: BP Misses Q1 Earnings, Cuts Buyback, Shares Down 2%