Tag: bp earnings

Royal Dutch Shell (RDS.A) and BP’s (BP) earnings fell in the third quarter. While BP’s profits fell 41%, Shell’s earnings fell 15%.

ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.

Royal Dutch Shell’s (RDS.A) earnings surprised Wall Street by posting a lower-than-expected decline. Shell’s earnings slumped 15% YoY to $4.9 billion.

BP’s third-quarter earnings, which it reported on October 29, fell almost 41% year-over-year. However, they came in better than analysts’ estimate.

Energy stocks are slumping due to falling equity markets and plunging oil prices. So far this month, the S&P 500 Index has fallen 2.8%.

Integrated energy stocks slumped in the third quarter. Lower oil prices, equity market volatility, and macro concerns hammered the stocks.

BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.

Integrated energy stocks have slumped in August. Royal Dutch Shell has fallen the most compared to ExxonMobil, Chevron, and BP.

Jeffries upgraded BP (BP) stock from “hold” to “buy.” The upgrade followed BP's second-quarter earnings release on Tuesday.

BP (BP) reported its second-quarter results today. Its earnings per American depositary share of $0.84 beat analysts' estimate by about 7%.