What are the earnings forecasts for BP in the upcoming quarter?

This independent oil and gas company is expected to post quarterly earnings of $1.97 per share in its upcoming report, which represents a year-over-year change of +159.2%. Revenues are expected to be $1.74 billion, up 32.7% from the year-ago quarter.

How much money did BP generate last year?

BP generated more than $32 billion of cash last year, compared with $41 billion in 2022. It reduced net debt to $20.9 billion by year-end, the lowest in a decade, from $21.4 billion 12 months earlier. The Reuters Power Up newsletter provides everything you need to know about the global energy industry.

How much will BP buy in 2024?

REUTERS/Phil Noble/File Photo Purchase Licensing Rights The company said it was committed to repurchasing $3.5 billion of shares in the first half of 2024 and expects to purchase $14 billion over 2024-2025. "BP delivers what investors were asking for: higher distributions and more visibility," Jefferies analyst Giacomo Romeo said in a note.