Yahoo · Oct 30, 2026
BP (BP) Q3 2026 Earnings Call Transcript
BP cuts net debt ahead of schedule while refining margins surge.
NYSE · BP
BP p.l.c.
Energy · Oil & Gas Integrated
$50.39
Up+$0.04 (+0.08%)
Updated Oct 31, 2026, 11:12 PM
SID Score
6.2/10
Composite research score
Smart Money
55/100
Neutral
- Market cap
- 551.49B
- P/E ratio
- 151.45
- Dividend yield
- 3.88%
- 52-week range
- $33.22 – $51.49
- Volume
- 9.87M
- Avg. volume
- 6.66M
Price performance · BP
BP price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Oct 30, 2026
BP closed at $50.39 after 21 trading sessions, up 12.50% for the selected period.
- Last close
- $50.39
- Period change
- +12.50%
- Period low
- $44.51
- Period high
- $51.32
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 30, 2026 | $49.76 | $50.825 | $49.74 | $50.39 | 9.87M |
| Oct 29, 2026 | $50.47 | $50.70 | $49.8698 | $50.35 | 7.3M |
| Oct 28, 2026 | $49.26 | $50.48 | $49.085 | $49.79 | 12.41M |
| Oct 27, 2026 | $50.09 | $50.53 | $48.89 | $48.93 | 7.07M |
| Oct 26, 2026 | $50.42 | $51.265 | $50.41 | $50.53 | 7.83M |
| Oct 23, 2026 | $50.615 | $51.485 | $50.55 | $51.32 | 9.16M |
| Oct 22, 2026 | $50.29 | $50.42 | $49.195 | $50.05 | 7.58M |
| Oct 21, 2026 | $49.73 | $50.125 | $49.475 | $49.85 | 10.98M |
| Oct 20, 2026 | $49.90 | $49.99 | $48.50 | $49.39 | 11.3M |
| Oct 19, 2026 | $49.45 | $50.025 | $49.24 | $49.44 | 7.18M |
| Oct 16, 2026 | $49.35 | $50.27 | $49.195 | $50.21 | 11.46M |
| Oct 15, 2026 | $49.21 | $49.2426 | $48.265 | $48.44 | 7.85M |
| Oct 14, 2026 | $48.51 | $48.975 | $48.4648 | $48.81 | 9.89M |
| Oct 13, 2026 | $47.99 | $48.735 | $47.81 | $48.53 | 12.21M |
| Oct 12, 2026 | $46.91 | $47.255 | $46.655 | $46.73 | 7.06M |
| Oct 9, 2026 | $46.31 | $46.82 | $46.075 | $46.25 | 8.42M |
| Oct 8, 2026 | $46.04 | $46.555 | $45.92 | $46.36 | 9.57M |
| Oct 7, 2026 | $45.13 | $45.56 | $44.445 | $44.51 | 6.34M |
| Oct 6, 2026 | $44.25 | $45.21 | $44.12 | $45.01 | 13.16M |
| Oct 5, 2026 | $44.52 | $45.02 | $44.09 | $44.62 | 8.78M |
| Oct 2, 2026 | $44.05 | $44.885 | $44.01 | $44.79 | 7.56M |
Latest BP news
The latest Smart Investors Daily articles mentioning BP.
Stock researchCompany · Overview
Company
Market Activity
Research & News
BP research
Overview
Company profile and research snapshot.
Company profile
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2024, it produced 1.2 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2024, reserves stood at 6.2 billion barrels of oil equivalent, 59% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Hold
- Average target
- $39.67
- Implied upside
- —
- Analysts
- 4
| Date | Firm | Rating | Target |
|---|---|---|---|
| Jul 15, 2026 | Berenberg Bank | Buy | — |
| Jul 3, 2026 | JP Morgan Cazenove | Neutral | — |
| Jul 1, 2026 | Berenberg Bank | Buy | — |
| Jun 11, 2026 | RBC Capital Markets | Outperform | — |
| May 27, 2026 | RBC Capital Markets | Outperform | — |
News briefing
Generated Oct 31, 2026, 9:10 PM
Why Is BP Barely Moving Today Despite Record Profits
BP stock is essentially flat, up just $0.04 (0.08%), despite the energy giant reporting quadrupled Q3 profits driven by geopolitical tensions and elevated fuel prices. The muted market reaction suggests investors may be pricing in near-term headwinds and questions about the company's strategic direction, including CEO denials of breakup discussions.
Bottom line: BP's record Q3 profits should be supporting a stronger stock rally, but the muted market response reflects investor concerns about profit sustainability, strategic direction, and broader economic uncertainty. Investors should monitor whether the geopolitically-driven energy tailwinds persist, track Q4 guidance execution, and assess whether management's net zero commitments continue to pressure returns—all key factors that could re-energize the stock or create downside risks.
Yahoo · Oct 30, 2026
European Equities Mostly Lower in Friday Trading; BP CEO Denies Breakup Discussions
European stock markets closed mostly lower in Friday trading with the Stoxx 600 down 0.4%, Germany's
Yahoo · Oct 30, 2026
Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices
Big Oil reaped more than $50 billion in windfall profits as conflicts in the Persian Gulf and Russia drove refining results to record highs. ExxonMobil Holdings Corp., Chevron Corp., BP Plc, Shell Plc and TotalEnergies SE all surpassed third-quarter expectations with combined adjusted net income of $56.3 billion. Bloomberg's Vincent Piazza joins to discuss.
Yahoo · Oct 30, 2026
BP (BP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for BP (BP) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
AI research layers
Interpretive context generated from the platform’s current data sources.
BP p.l.c. Stock Performance
BP p.l.c. has demonstrated strong upward momentum across multiple timeframes, with shares trading at $50.39 per SID market data. The stock has gained 14.46% over the past month and 11.34% over the trailing three months, reflecting sustained buying pressure. On a one-year basis, BP has surged 46.11%, significantly outperforming many energy sector peers. The stock currently trades above both key moving averages, sitting 9.88% above its 50-day moving average of $45.86 and 17.39% above its 200-day moving average of $42.93, per Massive/Polygon data. The 14-day relative strength index stands at 68.2, approaching but not yet breaching the traditionally overbought threshold of 70. BP's average daily trading volume of approximately 6.66 million shares indicates robust liquidity. The company's beta of 0.048 suggests extremely low correlation with broader market movements, a notable characteristic for a major integrated oil company.
BP p.l.c. Valuation Analysis
BP p.l.c. currently carries a market capitalization of approximately $551.5 billion, positioning it among the largest global energy companies, per SID market data. The trailing price-to-earnings ratio stands at an elevated 151.45, reflecting compressed earnings relative to the stock's recent price appreciation. However, the PEG ratio of 0.98 suggests that when factoring in expected earnings growth, the valuation appears more reasonable and sits near the commonly referenced fair-value threshold of 1.0. The price-to-book ratio registers at 1.56, indicating that shares trade at a moderate premium to book value, according to SEC filings. BP maintains a dividend yield of approximately 5.56%, which remains attractive relative to broader market averages and provides a meaningful income component for shareholders. This yield level is consistent with BP's historical commitment to capital returns. The combination of a high P/E ratio alongside a sub-1.0 PEG ratio warrants attention to upcoming earnings trajectory.
Smart Money Activity for BP
BP p.l.c. registers a composite smart money score of 55 out of 100, generating a neutral signal per SID market data. Institutional positioning represents the strongest component, scoring 21.0 out of 25, according to 13F institutional filings, indicating significant fund-level interest and portfolio allocation toward the stock. Insider activity scores a moderate 12.5 out of 25 based on SEC Form 4 filings, suggesting neither aggressive accumulation nor notable distribution by corporate officers and directors. Congressional trading activity scores 12 out of 25, reflecting limited but present legislative interest in BP shares. The dark pool component registers at 9.3 out of 25, the weakest sub-score, indicating relatively subdued off-exchange institutional block trading activity. The overall neutral reading suggests that while institutional investors maintain meaningful exposure to BP, there is no overwhelming consensus among sophisticated market participants regarding near-term directional conviction. The divergence between strong institutional holdings and modest dark pool activity may indicate that large holders are maintaining positions rather than actively building new ones.
BP p.l.c. Earnings Outlook
BP p.l.c. has delivered a consistent pattern of earnings beats across its three most recent reported quarters, per company earnings reports. In the most recently reported quarter, BP posted actual earnings of $3.26 per share against an analyst estimate of $2.63, representing a positive surprise of $0.63 or approximately 24%. The prior quarter saw earnings of $2.22 versus the $1.41 consensus estimate, delivering the largest surprise of $0.81, a 57.4% beat. The quarter before that produced actual earnings of $1.24 against an $0.88 estimate, a $0.36 positive surprise. The upcoming quarter, with results expected on November 3, 2026, carries a consensus earnings estimate of $1.99 per share according to analyst estimates. The sequential decline in the estimate relative to the most recent $3.26 actual result may reflect anticipated commodity price fluctuations or seasonal factors. BP's track record of exceeding expectations across three consecutive quarters establishes a notable pattern of conservative guidance.
Wall Street Analyst Ratings for BP
Recent Wall Street coverage of BP p.l.c. reflects a constructive outlook, with the majority of analyst actions skewing positive per SID consensus data. Berenberg Bank issued its most recent reiteration of a Buy rating on July 15, 2026, marking the firm's second bullish call within a two-week period, having also reiterated Buy on July 1, 2026. RBC Capital Markets has similarly maintained a positive stance, reiterating an Outperform rating on June 11, 2026, following an earlier Outperform reiteration on May 27, 2026, according to Wall Street analyst reports. JP Morgan Cazenove provided the sole neutral-leaning view among recent coverage, reiterating a Neutral rating on July 3, 2026. Across the five most recent analyst actions, four carry bullish designations while one remains neutral, resulting in an 80% positive skew. No analyst downgrades or Sell ratings have been recorded in this period. The repeated reiterations from Berenberg Bank and RBC Capital Markets suggest sustained institutional conviction in BP's fundamental trajectory.
