BP Faces Declines in EPS, Revenue

BP (NYSE:BP), a global oil and gas company, released its fourth-quarter earnings on Feb. 11, 2025, showing results below expectations. The company reported an EPS of $0.44, which fell short of the $0.46 forecast. Revenue also missed estimates by $1.2 billion, recording $45.75 billion, down 12.3% year-over-year from $52.14 billion. Despite efforts to transition toward low-carbon energy, BP faced challenges maintaining growth amidst fluctuating oil markets and strategic investments in renewables, leading to a mixed quarterly performance.Source: Analyst estimates for the quarter provided by FactSet.BP is a major player in the global energy industry, with operations spanning oil production, refining, and new renewable technologies. Its low-carbon energy segment focuses on natural gas, solar, and wind energy. The company is striving to pivot toward sustainable energy, keeping a diverse energy portfolio which includes both traditional hydrocarbon operations and significant investments in renewables. A key focus is its investment in natural gas as a transition fuel while aggressively expanding into solar and wind power ventures.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool