Equity Profile

BP

BP p.l.c.

EnergyIntegrated Oil & Gas$113.9B

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 oil and gas production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$1.78

Revenue

Total revenue shows the company's ability to generate sales and is critical for assessing overall business performance.

$59.9B

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 oil and gas production. As a large integrated oil and gas company, BP is crucial in discussions about energy supply, sustainability, and the transition to cleaner energy sources.

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 of $0.91, which indicates strong performance. The stock reacted positively, gaining 0.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect BP to report solid earnings, with a consensus EPS of $1.78, reflecting optimism about the company's performance amid fluctuating oil prices.

Bull Case

If BP can capitalize on rising oil prices and manage costs effectively, it could exceed earnings expectations, leading to a positive stock reaction.

Bear Case

Conversely, if BP faces production challenges or higher operational costs, it may fall short of expectations, negatively impacting investor sentiment.

Key Metrics to Watch

EPS

$1.78

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$59.9B

Total revenue shows the company's ability to generate sales and is critical for assessing overall business performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BP's EPS exceed the consensus estimate of $1.78?

A strong EPS could indicate effective cost management and robust demand, leading to a positive market reaction.

What guidance will BP provide regarding future revenue growth?

Investors will closely watch for any signs of growth or challenges that could impact future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate BP's ability to leverage recent oil price increases, which could lead to higher-than-expected revenue and profit margins.

Supporting Evidence

BP's recent EPS beat of 61% suggests strong operational performance that may not be fully reflected in current estimates.

The options market is pricing a larger move than historical averages, indicating potential for a significant surprise.

Key Risk

If oil prices remain stable or increase significantly, it could lead to better-than-expected revenue growth.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating BP's ability to sustain profitability amid fluctuating oil prices and operational challenges.

Bull Confirmed If

An EPS of $1.85 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $1.50 would raise concerns about profitability and operational efficiency.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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 the stock could see a positive reaction, potentially around +2.57%.

In-Line / Cautious

If BP meets expectations but offers cautious guidance, the stock may see a muted reaction as investors reassess future growth.

Miss

If BP misses earnings expectations, the stock could decline, with historical patterns suggesting an average 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 production levels and operational efficiency.
2Insights on how BP is managing costs amid fluctuating oil prices.
3Guidance on future revenue expectations and market conditions.
4Comments on BP's strategy for transitioning to renewable energy sources.
5Any potential impacts from geopolitical events on BP's operations.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

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

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$1.78

Revenue

Total revenue shows the company's ability to generate sales and is critical for assessing overall business performance.

$59.9B

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 of $0.91, which indicates strong performance. The stock reacted positively, gaining 0.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect BP to report solid earnings, with a consensus EPS of $1.78, reflecting optimism about the company's performance amid fluctuating oil prices.

Bull Case

If BP can capitalize on rising oil prices and manage costs effectively, it could exceed earnings expectations, leading to a positive stock reaction.

Bear Case

Conversely, if BP faces production challenges or higher operational costs, it may fall short of expectations, negatively impacting investor sentiment.

Key Metrics to Watch

EPS

$1.78

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$59.9B

Total revenue shows the company's ability to generate sales and is critical for assessing overall business performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BP's EPS exceed the consensus estimate of $1.78?

A strong EPS could indicate effective cost management and robust demand, leading to a positive market reaction.

What guidance will BP provide regarding future revenue growth?

Investors will closely watch for any signs of growth or challenges that could impact future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate BP's ability to leverage recent oil price increases, which could lead to higher-than-expected revenue and profit margins.

Supporting Evidence

BP's recent EPS beat of 61% suggests strong operational performance that may not be fully reflected in current estimates.

The options market is pricing a larger move than historical averages, indicating potential for a significant surprise.

Key Risk

If oil prices remain stable or increase significantly, it could lead to better-than-expected revenue growth.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating BP's ability to sustain profitability amid fluctuating oil prices and operational challenges.

Bull Confirmed If

An EPS of $1.85 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $1.50 would raise concerns about profitability and operational efficiency.

Pre-Earnings Positioning

Options Market

Implied Move

±7.22%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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 the stock could see a positive reaction, potentially around +2.57%.

In-Line / Cautious

If BP meets expectations but offers cautious guidance, the stock may see a muted reaction as investors reassess future growth.

Miss

If BP misses earnings expectations, the stock could decline, with historical patterns suggesting an average 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 production levels and operational efficiency.
2Insights on how BP is managing costs amid fluctuating oil prices.
3Guidance on future revenue expectations and market conditions.
4Comments on BP's strategy for transitioning to renewable energy sources.
5Any potential impacts from geopolitical events on BP's operations.