Revenue Update on BP plc (ADR)(NYSE:BP)

BP plc (ADR)(NYSE:BP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $46.44B. Analysts estimated a revenue of $45.51B. Earnings per share were $0.23. Analysts had estimated an EPS of $0.25.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on BP plc (ADR). In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 30, 2016, Morgan Stanley said it Upgrades its rating on BP plc (ADR). The shares have been rated ‘Overweight’ by the firm.

BP plc (ADR) (BP) made into the market gainers list on Fridays trading session with the shares advancing 1.21% or 0.41 points. Due to strong positive momentum, the stock ended at $34.4, which is also near the day’s high of $34.43. The stock began the session at $34 and the volume stood at 63,49,495 shares. The 52-week high of the shares is $38.06 and the 52 week low is $27.01. The company has a current market capitalization of $107,763 M and it has 3,13,26,46,600 shares in outstanding.

BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation energy for heat and light lubricants and the petrochemicals products used to make everyday items including paints clothes and packaging. The Company operates in three business segments: Upstream Downstream and Rosneft. The Upstream segment’s activities include oil and natural gas exploration field development and production; midstream transportation storage and processing and the marketing and trading of natural gas including liquefied natural gas (LNG) together with power and natural gas liquids (NGLs). The Company’s Downstream segment’s activities include the refining manufacturing marketing transportation and supply and trading of crude oil petroleum petrochemicals products and related services to wholesale and retail customers. BP’s interest in Rosneft an oil company in Russia is reported as a separate operating segment.

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