BP Reports Q3 Earnings Beat with Significant Revenue Growth
BP p.l.c. reported third-quarter financial results that exceeded analyst expectations for both top and bottom lines. Non-GAAP earnings per adjusted production sales (EPADS) reached $3.26, surpassing estimates by $0.64, while revenue surged to $69.88 billion, a 41.9% increase year-over-year. The company demonstrated strong liquidity with operating cash flow for the third quarter reaching $14.8 billion, nearly doubling from the $7.8 billion reported in the same period last year. For the first nine months of the year, cumulative operating cash flow rose to $28.5 billion.
Tickers: $BP
Topics: cash flow earnings beat revenue growth