BP shares move 7.5% higher on bumper Q1 profits of $6.2bln; the company announced $2.5bln share buyback
BP shares move 7.5% higher on bumper Q1 profits of $6.2bln; the company announced $2.5bln share buyback
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$BP PLC(BP.US)$'s profits more than doubled to $6.2 billion in Q1, helped by soaring oil and gas prices, despite posting a massive loss after offloading its nearly 20% stake in a Russian-controlled oil company Rosneft (OTC: RNFTF).
The company reported Q1 adjusted EPS of $1.92, more than double from $0.78 posted a year ago and beating the consensus of $1.33. However, BP reported a headline loss of $20.4 billion, including non-cash pre-tax charges of $24 billion and $1.5 billion relating to the exit of its Rosneft stake in response to Moscow's invasion of Ukraine.
During Q1, BP generated a surplus cash flow of $4.1 billion, and it intends to execute a $2.5 billion share buyback before announcing its second-quarter results.
BP reported sales of $51.22 billion, +41% Y/Y, missing the consensus of $57.71 billion.
Production: Reported production of 966 mboe/day, up 6.2% Y/Y. Underlying production was also higher, by 10.9%.
Realized prices jumped almost 90% at $50.91/boe.
Guidance: BP expects Q2 FY22 underlying upstream production to be lower than Q1 FY22, primarily in gas & low carbon energy, reflecting base decline and seasonal maintenance.
On a reported basis, Q2 production will reflect additional impacts from the absence of production from Russia incorporated joint ventures.
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$ BP 公司（BP.US）$儘管在卸載其在一家俄羅斯控制石油公司的近 20％ 股份之後發生了巨大損失，但在第一季度的利潤增加了一倍，達到 62 億美元，但在石油和天然氣價格飆升的幫助下俄罗斯石油公司（場外交易：RNFTF）。
該公司報告，第一季度調整後每股盈利為 1.92 美元，較一年前公佈的 0.78 美元增加了一倍以上，超過了 1.33 美元的共識。 但是，BP 報告了總體虧損 20.4 億美元，其中包括 240 億美元的非現金稅前費用和 15 億美元，涉及其俄羅斯石油公司股份退出以應對莫斯科入侵烏克蘭的問題。
在第一季度，BP 產生 41 億美元的盈餘現金流，並打算在宣布第二季度業績之前執行 25 億美元的股份回購。
BP 報告的銷售額為 51.22 億美元，按年 + 41%，缺少 57.71 億美元的共識。
生產: 報告的產量為每日 966 萬里，年增長 6.2%，基礎產量也較高，同比增加 10.9%。
實現價格在 50.9 美元/英國央行上漲了近 90％。
指引：BP 預計 22 財年第二季度的基礎上游產量將低於 22 財年第一季，主要是天然氣和低碳能源，反映基數下降和季節性維護。
根據報告的基礎，第二季度的生產將反映由於沒有俄羅斯註冊合資企業生產而產生的額外影響。