Equity Profile

BP

BP p.l.c.

EnergyIntegrated Oil & Gas$111.0B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

BP p.l.c. is a major player in the energy sector, primarily involved in integrated oil and gas operations....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well BP is managing costs and revenues in the current market environment.

N/A

Revenue Growth

Revenue growth will reflect BP's ability to capitalize on market conditions and demand for energy products.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BP Q2-2026 Earnings Preview

Context

Company Snapshot

BP p.l.c. is a major player in the energy sector, primarily involved in integrated oil and gas operations. As one of the largest oil companies globally, BP's performance is closely tied to oil prices and energy demand, making it a significant entity in discussions about energy transition and sustainability.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-15.85%

Avg Stock Reaction

-1.24%

Last Quarter Recap

In Q1-2026, BP reported an EPS of $1.47, significantly beating expectations by 61%. The stock reacted positively, gaining 0.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about BP's upcoming earnings, especially after a strong performance last quarter. However, there are concerns about oil price volatility and its impact on future earnings.

Bull Case

If BP continues to show strong EPS growth and manages to leverage higher oil prices, it could signal a robust recovery and increased investor confidence.

Bear Case

On the other hand, if BP fails to meet earnings expectations or if oil prices decline, it could lead to a significant drop in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to last quarter's $1.47?

A significant change in EPS could indicate either a strong continuation of performance or a troubling decline, which would heavily influence investor sentiment.

How are current oil prices affecting BP's revenue forecasts?

Given the volatility in oil prices, understanding their impact on revenue is crucial for assessing BP's financial health and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate BP's ability to leverage recent oil price increases, which could lead to stronger-than-expected earnings.

Supporting Evidence

BP's recent EPS surprise of 61% indicates strong operational performance.

The options market is pricing in a significant move, suggesting traders expect volatility that could favor BP's upside.

Historical trends show that BP has a 50% EPS beat rate, indicating potential for positive surprises.

Key Risk

If oil prices stabilize or increase further, it could lead to a significant upward revision in earnings expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect BP's ability to navigate a fluctuating oil market and maintain profitability.

Bull Confirmed If

A Q2-2026 EPS of $1.60 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $1.00 would signal potential issues with cost management and revenue generation.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a larger-than-average move, suggesting that traders expect significant volatility around the earnings report.

Options are pricing ±7.2% while BP has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

32.0%

Calls (921K)P/C Ratio: 0.35Puts (382K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

This setup has occurred 30 times across Energy in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.3% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BP beats expectations, history suggests a potential stock increase of around 2.57%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious sentiment among investors.

Miss

Should BP miss earnings expectations, the stock could decline, with historical patterns indicating a potential drop of around 0.07%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

D-ILJonathan JacksonRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on BP's strategy regarding renewable energy investments.
2Insights into how BP is managing costs in the current oil price environment.
3Details on production levels and any changes in output forecasts.
4Commentary on global energy demand trends and their impact on BP's operations.
5Management's outlook on oil price stability and its implications for future earnings.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

BP p.l.c. is a major player in the energy sector, primarily involved in integrated oil and gas operations....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well BP is managing costs and revenues in the current market environment.

N/A

Revenue Growth

Revenue growth will reflect BP's ability to capitalize on market conditions and demand for energy products.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BP Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-15.85%

Avg Stock Reaction

-1.24%

Last Quarter Recap

In Q1-2026, BP reported an EPS of $1.47, significantly beating expectations by 61%. The stock reacted positively, gaining 0.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If BP continues to show strong EPS growth and manages to leverage higher oil prices, it could signal a robust recovery and increased investor confidence.

Bear Case

On the other hand, if BP fails to meet earnings expectations or if oil prices decline, it could lead to a significant drop in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to last quarter's $1.47?

A significant change in EPS could indicate either a strong continuation of performance or a troubling decline, which would heavily influence investor sentiment.

How are current oil prices affecting BP's revenue forecasts?

Given the volatility in oil prices, understanding their impact on revenue is crucial for assessing BP's financial health and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate BP's ability to leverage recent oil price increases, which could lead to stronger-than-expected earnings.

Supporting Evidence

BP's recent EPS surprise of 61% indicates strong operational performance.

The options market is pricing in a significant move, suggesting traders expect volatility that could favor BP's upside.

Historical trends show that BP has a 50% EPS beat rate, indicating potential for positive surprises.

Key Risk

If oil prices stabilize or increase further, it could lead to a significant upward revision in earnings expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect BP's ability to navigate a fluctuating oil market and maintain profitability.

Bull Confirmed If

A Q2-2026 EPS of $1.60 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $1.00 would signal potential issues with cost management and revenue generation.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a larger-than-average move, suggesting that traders expect significant volatility around the earnings report.

Options are pricing ±7.2% while BP has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

32.0%

Calls (921K)P/C Ratio: 0.35Puts (382K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BP beats expectations, history suggests a potential stock increase of around 2.57%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious sentiment among investors.

Miss

Should BP miss earnings expectations, the stock could decline, with historical patterns indicating a potential drop of around 0.07%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

D-ILJonathan JacksonRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on BP's strategy regarding renewable energy investments.
2Insights into how BP is managing costs in the current oil price environment.
3Details on production levels and any changes in output forecasts.
4Commentary on global energy demand trends and their impact on BP's operations.
5Management's outlook on oil price stability and its implications for future earnings.