Investing.com - BP (LON:BP) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BP announced earnings per share of $0.32 on revenue of $51.22B. Analysts polled by Investing.com anticipated EPS of $0.2331 on revenue of $55.47B.
BP shares are up 21.45% from the beginning of the year and are trading at $401.40 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 10.57% from the start of the year.
BP shares gained 2.52% in intra-day trade the report.
BP follows other major Energy sector earnings this month
BP's report follows an earnings beat by John Wood on April 20, who reported EPS of $0.1086 on revenue of $3.24B, compared to forecasts EPS of $0.0933 on revenue of $3.24B.
Oil and Gas Development DRC had missed expectations on Thursday with first quarter EPS of $0.54 on revenue of $479.7M, compared to forecast for EPS of $0.5421 on revenue of $492.27M.
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