Investing.com - BP (LON:BP) ADR reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
BP ADR announced earnings per share of $0.03 on revenue of $48.57B. Analysts polled by Investing.com anticipated EPS of $0.0822 on revenue of $49.59B.
BP ADR shares are up 8.24% from the beginning of the year and are trading at $22.21 , 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 missed by Chevron on Friday, who reported EPS of $-0.01 on revenue of $25.25B, compared to forecasts EPS of $0.0918 on revenue of $25.82B.
Schlumberger had beat expectations on January 22 with fourth quarter EPS of $0.22 on revenue of $5.53B, compared to forecast for EPS of $0.1735 on revenue of $5.24B.
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