{"id":42876,"date":"2023-08-01T02:09:33","date_gmt":"2023-08-01T06:09:33","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/bps-2q-earnings-set-to-slip-on-energy-prices-earnings-preview\/"},"modified":"2023-08-01T02:09:35","modified_gmt":"2023-08-01T06:09:35","slug":"bps-2q-earnings-set-to-slip-on-energy-prices-earnings-preview","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42876","title":{"rendered":"BP’s 2Q Earnings Set to Slip on Energy Prices — Earnings Preview"},"content":{"rendered":"
\n

By Christian Moess Laursen<\/p>\n

BP is scheduled to report its second-quarter results on Tuesday. Here’s what you need to know:<\/p>\n

<\/pre>\n
UNDERLYING REPLACEMENT-COST PROFIT: The British oil-and-gas major is expected to book $3.5 billion in underlying replacement-cost profit in the quarter, according to a market consensus provided by the company and averaged from 24 analysts. In the second quarter of 2022, BP made $8.45 billion.<\/p>\n
\n
<\/pre>\n
REPLACEMENT-COST PROFIT BEFORE INTEREST AND TAX: Analysts expects BP’s replacement-cost profit before interest and tax to fall to $6.78 billion from $12.46 billion, according to company-provided market consensus.<\/p>\n
<\/pre>\n
WHAT TO WATCH:<\/p>\n
– OIL AND GAS PRICES: Major energy companies have seen their share prices decline year to date as lower prices for oil and gas have weighed on revenue and profit expectations. Last week, the impact of the weaker prices was laid bare when peers Shell and Equinor posted steep falls in second-quarter profits, and this is likely to be a familiar theme in BP’s results, CMC Markets UK Chief Market Analyst Michael Hewson writes in a market comment. The multinational energy company’s shares have already come under pressure, sliding to a seven-month low in May, after first-quarter profits fell on year, Hewson says in a different note.<\/p>\n
– CASH OUTFLOWS & SHAREHOLDER DISTRIBUTION: Unhelpful first-quarter working capital outflows have put BP under pressure to reconsider its shareholder distribution policy, more so than any other major oil company, Bank of America analysts writes in a research note. “This will be particularly important with upcoming 2Q 2023 results, given a series of one-off 2Q cash outflows, inorganic capital expenditure, oil-spill payments [which] will in our view see BP’s net debt increase slightly quarter on quarter, constraining BP’s shareholder distribution,” As a result, the company could lower its quarterly share buyback from $1.75 billion to below $1 billion, the analysts say.<\/p>\n
<\/pre>\n
Write to Christian Moess Laursen at christian.moess@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here’s what you need to know: UNDERLYING REPLACEMENT-COST PROFIT: The British oil-and-gas major is expected to book $3.5 billion in underlying replacement-cost profit in the quarter, according to a market consensus provided by the company and averaged from 24 analysts. In […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-42876","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBP's 2Q Earnings Set to Slip on Energy Prices -- Earnings Preview | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here's what you need to know: UNDERLYING REPLACEMENT-COST\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=42876\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP's 2Q Earnings Set to Slip on Energy Prices -- Earnings Preview | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here's what you need to know: UNDERLYING REPLACEMENT-COST\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=42876\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-01T06:09:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-01T06:09:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42876#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42876\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"BP’s 2Q Earnings Set to Slip on Energy Prices — Earnings Preview\",\"datePublished\":\"2023-08-01T06:09:33+00:00\",\"dateModified\":\"2023-08-01T06:09:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42876\"},\"wordCount\":328,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=42876#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42876\",\"url\":\"https:\/\/ifintechworld.com\/?p=42876\",\"name\":\"BP's 2Q Earnings Set to Slip on Energy Prices -- Earnings Preview | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-01T06:09:33+00:00\",\"dateModified\":\"2023-08-01T06:09:35+00:00\",\"description\":\"By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here's what you need to know: UNDERLYING REPLACEMENT-COST\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=42876#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=42876\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=42876#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BP’s 2Q Earnings Set to Slip on Energy Prices — Earnings Preview\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BP's 2Q Earnings Set to Slip on Energy Prices -- Earnings Preview | iFintechWorld","description":"By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here's what you need to know: UNDERLYING REPLACEMENT-COST","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=42876","og_locale":"en_US","og_type":"article","og_title":"BP's 2Q Earnings Set to Slip on Energy Prices -- Earnings Preview | iFintechWorld","og_description":"By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here's what you need to know: UNDERLYING REPLACEMENT-COST","og_url":"https:\/\/ifintechworld.com\/?p=42876","og_site_name":"iFintechWorld","article_published_time":"2023-08-01T06:09:33+00:00","article_modified_time":"2023-08-01T06:09:35+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=42876#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=42876"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"BP’s 2Q Earnings Set to Slip on Energy Prices — Earnings Preview","datePublished":"2023-08-01T06:09:33+00:00","dateModified":"2023-08-01T06:09:35+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=42876"},"wordCount":328,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=42876#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=42876","url":"https:\/\/ifintechworld.com\/?p=42876","name":"BP's 2Q Earnings Set to Slip on Energy Prices -- Earnings Preview | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-01T06:09:33+00:00","dateModified":"2023-08-01T06:09:35+00:00","description":"By Christian Moess Laursen BP is scheduled to report its second-quarter results on Tuesday. Here's what you need to know: UNDERLYING REPLACEMENT-COST","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=42876#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=42876"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=42876#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"BP’s 2Q Earnings Set to Slip on Energy Prices — Earnings Preview"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42876"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42876\/revisions"}],"predecessor-version":[{"id":42877,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/42876\/revisions\/42877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}