BP plc (NYSE: BP) reported Q1 EPS of $1.24, $0.34 better than the analyst estimate of $0.90. Revenue for the quarter came in at $52.26 billion versus the consensus estimate of $46.78 billion.

2Q 2026 guidance:

Looking ahead, bp expects second quarter 2026 reported upstream production to be lower compared with the first quarter 2026, due to seasonal maintenance predominantly in the Gulf of America and the effects of disruption in the Middle East. The heightened volatility in the oil and gas prices could also impact PSA contracts.

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