Investing.com - BP (LON:BP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BP announced earnings per share of $2.61 on revenue of $67.87B. Analysts polled by Investing.com anticipated EPS of $0.3415 on revenue of $58.66B.
BP shares are up 23.37% from the beginning of the year and are trading at $407.73 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 11.34% from the start of the year.
BP shares gained 3.94% in intra-day trade after the report.
BP follows other major Energy sector earnings this month
BP's report follows an earnings matched by Reliance Industries Ltd on Friday, July 22, 2022, who reported EPS of $0.6636 on revenue of $27.46B, compared to forecasts EPS of $0.6636 on revenue of $28.04B.
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