Investing.com - BP (LON:BP) ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BP ADR announced earnings per share of $0.78 on revenue of $34.54B. Analysts polled by Investing.com anticipated EPS of $0.4389 on revenue of $52.04B.
BP ADR shares are up 21.44% from the beginning of the year and are trading at $24.92 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
BP ADR follows other major Energy sector earnings this month
BP ADR's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.21 on revenue of $5.22B, compared to forecasts EPS of $0.186 on revenue of $5.09B.
Valero Energy had beat expectations on Thursday with first quarter EPS of $-1.73 on revenue of $20.81B, compared to forecast for EPS of $-1.88 on revenue of $19.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar