BP earnings: $0.07 per share, vs. expected EPS of $0.06

May 2, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

BP beat analyst expectations on Tuesday as higher oil prices and increased production helped improve the oil giant’s bottom line.

The oil company reported first-quarter underlying replacement cost profit of $1.51 billion, compared to average analyst expectations of $1.26 billion. Here are some highlights of the earnings:

  • EPS of $0.07 vs. $0.06 a share expected by Thomson Reuters analysts’ consensus.
  • Revenue of $55.86 billion versus expected $49.98 billion expected by Thomson Reuters analysts’ consensus.