BP plc (NYSE: BP) reported Q3 EPS of $0.83, $0.06 better than the analyst estimate of $0.77. Revenue for the quarter came in at $48.33 billion versus the consensus estimate of $50.65 billion.

GUIDANCE

4Q 2024 guidance: Looking ahead, bp expects fourth quarter 2024 reported upstream production to be lower compared with the third-quarter 2024.

2024 guidance: bp now expects other businesses & corporate underlying annual charge to be $0.3-0.4 billion for 2024. bp continues to expect the depreciation, depletion and amortization to be slightly higher than 2023. bp continues to expect the underlying ETR for 2024 to be around 40% but it is sensitive to a range of factors, including the volatility of the price environment and its impact on the geographical mix of the group’s profits and losses. bp continues to expect capital expenditure for 2024 to be around $16 billion

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