BP Earnings: Things Are Looking Up for This Oil Giant
Aside from the ups and downs of commodity prices, not much changes from quarter to quarter with massive oil and gas companies like BP (NYSE: BP). In the company's Q2 earnings report, many of the themes we saw last quarter continued: A high rate of production growth from new project start-ups and improving cash flow from reduced breakeven prices.
Unfortunately, the company's earnings didn't completely reflect these trends because of several income charges. Let's sift through the nuances of BP's income statement to get a better idea of how the business is doing and how management plans to maintain these trends of growth and profitability.
Image source: Getty Images.
Source: Fool.com
BP plc ADR Stock
€36.00
-1.110%
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 40 € shows a slightly positive potential of 11.11% compared to the current price of 36.0 € for BP plc ADR.
