Investing.com - BP (LON:BP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BP announced earnings per share of $0.138 on revenue of $37.6B. Analysts polled by Investing.com anticipated EPS of $0.0968 on revenue of $38.53B.
BP shares are up 19.39% from the beginning of the year and are trading at $304.20 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 8% from the start of the year.
BP shares gained 4.99% in intra-day trade the report.
BP follows other major Energy sector earnings this month
BP's report follows an earnings missed by Novatek DRC on July 28, who reported EPS of $4.02 on revenue of $3.59B, compared to forecasts EPS of $4.1 on revenue of $3.58B.
Velocys PLC had missed expectations on Monday with second quarter EPS of $-0.01 on revenue of $178.0K, compared to forecast for EPS of $0.0009 on revenue of $6.92M.
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