BP PLC
BP.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 769.00 | Vgfl | Mzvfsdxg |
BP Q3 Earnings Remain Strong and Continues Repurchases, but at Lower Level; Shares Look Cheap
BP's third-quarter adjusted earnings of $8.2 billion exceeded market expectations while only slipping slightly from second-quarter levels and increasing from $3.3 billion last year on higher commodity prices and strong refining margins. Adjusted earnings excluded about $10.1 billion in losses primarily due to fair value accounting on liquid natural gas contract hedges.