Post-Earnings Review - BP PLC

LONDON, March 5, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free post-earnings analysis on BP PLC (NYSE: BP). On February 03, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=BP%20PLC&d=05-Mar-2015&s=BP to read our free earnings review on BP PLC (BP). The company's sales and other operating revenues came in at $74.00 billion for Q4 FY14 and $353.57 billion for FY14, respectively. Additionally, profit attributable to BP's shareholders was $3.78 billion, or $1.23 per diluted American Depositary Share (ADS), in full-year FY14. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=BP%20PLC&d=05-Mar-2015&s=BP

Earnings Overview 

During Q4 FY14, BP's sales and other operating revenues fell by $19.72 billion from $93.72 billion in Q4 FY13. The company's Q4 FY14 sales and other operating revenues missed Bloomberg analysts' expectations of $80.70 billion. BP's Q4 FY14 Upstream Business segment sales and other operating revenues were $15.80 billion compared to $18.93 billion in Q4 FY13. The company's Downstream Business segment and Other businesses and corporate business segment's sales and other operating revenues during Q4 FY14 came in at $65.25 billion and  $616 million, respectively, compared to  $85.58 billion and $517 million, respectively, in Q4 FY13. Moreover, sales and other operating revenues between segments were $7.67 billion in Q4 FY14 as opposed to $11.31 billion in Q4 FY13. Free research on BP can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=BP%20PLC&d=05-Mar-2015&s=BP

For Q4 FY14, BP's replacement cost (RC) loss was $969 million, or $0.32 loss per ADS, compared with RC profit of $1.51 billion, or $0.48 per ADS, in Q4 FY13. Loss attributable to BP's shareholders was $4.41 billion, or $1.45 loss per diluted ADS, in Q4 FY14 compared to profit attributable to BP's shareholders of $1.04 billion, or $0.33 per diluted ADS, in Q4 FY13. Bloomberg analysts had expected profit attributable to BP shareholders of $1.41 billion, or $0.29 per diluted ADS, for the reported quarter. Furthermore, net cash provided by operating activities in Q4 FY14 was $7.25 billion, including the impact of the Gulf of Mexico oil spill, compared with $5.41 billion in Q4 FY13.

In FY14, BP's sales and other operating revenues declined $25.57 billion from $379.14 billion in FY13. However, FY14 sales and other operating revenues outperformed Bloomberg analysts' forecast of $351.23 billion. BP's sales and other operating revenues from its Upstream Business segment and Downstream Business segment in FY14 stood at $65.42 billion and $323.49 billion, respectively, compared to $70.37 billion and $351.20 billion, respectively, in FY13. Further, other businesses and corporate business segment's sales and other operating revenues increased to $1.99 billion from $1.81 billion in FY13. Meanwhile, sales and other operating revenues between segments were $37.33 billion in FY14 and $44.24 billion in FY13. Sign up and read the free analyst's notes on BP at:

http://get.Investor-Edge.com/pdf/?c=BP%20PLC&d=05-Mar-2015&s=BP

The company's FY14 RC profit was $8.07 billion, or $2.63 per ADS, compared $23.68 billion, or $7.50 per ADS, in FY13. Profit attributable to BP's shareholders declined $19.67 billion, or $6.16 per diluted ADS, in FY14 from $23.45 billion, or $7.39 per diluted ADS, in FY13. Bloomberg analysts had expected FY14 profit attributable to BP's shareholders of $10.57 billion, or $3.42 per diluted ADS. Furthermore, in FY14, operating activities generated $32.75 billion of net cash, including the impact of the Gulf of Mexico oil spill, compared to $21.10 billion in FY13.

The company has treated all amounts relating to the Gulf of Mexico oil spill as non-operating items, with a net pre-tax charge of $477 million in Q4 FY14 and $819 million in FY14.

During Q4 FY14, BP repurchased 105 million ordinary shares for $0.7 billion, including fees and stamp duty and a total of 612 million ordinary shares for $4.8 billion, including fees and stamp duty, in FY14. The company's $8-billion share repurchase program announced on March 22, 2013 was completed in July 2014. Visit Investor-Edge and access the latest research on BP at:

http://get.Investor-Edge.com/pdf/?c=BP%20PLC&d=05-Mar-2015&s=BP

On February 03, 2015, BP announced cash dividend of $0.60 per ADS, or 10.00 cents per ordinary share which is payable on March 27, 2015 to its shareholders and ADS holders as on February 13, 2015.

For its FY15 outlook, BP expects production to be higher than FY14 with actual reported outcome depending on the exact timing of project start-ups, divestments, OPEC quotas and entitlement impacts on their production-sharing agreements.

Stock Performance  

On the day of the earnings release, February 03, 2015, BP's stock gained 3.11%, finishing the session at $41.10. Since then, the stock has moved both ways with gains outperforming losses. However, on the last close, Wednesday, March 04, 2015, the company's shares ended 0.50% lower at $41.53. The company's shares vacillated between $41.20 and $41.61 during the session. A total of 6.50 million shares were traded which was below their three months average volume of 8.83 million shares. Over the previous three trading sessions and last one month, BP's shares have advanced 0.22% and 2.67%, respectively. Further, the stock has gained 2.82% over the past three months.

Sneak Peek to Corporate Insider Trading  

In the last one month, BP has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on BP is available at:

http://get.Investor-Edge.com/pdf/?c=BP%20PLC&d=05-Mar-2015&s=BP

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