Investing.com - BP (LON:BP) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BP announced earnings per share of $0.32 on revenue of $51.22B. Analysts polled by Investing.com anticipated EPS of $0.2331 on revenue of $55.47B.
BP shares are up 21.45% from the beginning of the year and are trading at $401.40 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 10.57% from the start of the year.
BP shares gained 2.54% in intra-day trade the report.
BP follows other major Energy sector earnings this month
BP's report follows an earnings beat by John Wood on Wednesday, April 20, 2022, who reported EPS of $0.1086 on revenue of $3.24B, compared to forecasts EPS of $0.0933 on revenue of $3.24B.
Oil and Gas Development DRC had missed expectations on Thursday with first quarter EPS of $0.54 on revenue of $479.7M, compared to forecast for EPS of $0.5421 on revenue of $492.27M.
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