Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>BP, the energy giant has reaffirmed its annual target and unveiled a new cost-cutting measure, reflecting its bid for financial resilience in an increasingly competitive energy market.</li><li>Despite an unplanned outage at its Whiting refinery, BP posted an adjusted EBITDA of $10.3bn in the first quarter of 2024, underlining a robust financial performance.</li><li>Its operating cash flow, adjusting for seasonal working capital build, was $7.4bn in the reported quarter.</li></ul>

BP, the energy giant has reaffirmed its annual target and unveiled a new cost-cutting measure, reflecting its bid for financial resilience in an increasingly competitive energy market.Despite an unplanned outage at its Whiting refinery, BP posted an adjusted EBITDA of $10.3bn in the first quarter of 2024, underlining a robust financial performance.Its operating cash flow, adjusting for seasonal working capital build, was $7.4bn in the reported quarter.

BP p.l.c.:  A Focus On Value Over Volume In Hydrocarbon Production - Major Drivers

<ul><li>BP's fourth quarter and full-year 2023 earnings call updates showcase the company's robust growth strategy and progressive journey from an international oil company (IOC) to an integrated energy company (IEC).</li><li>The firm shows a steadfast commitment to rendering higher margins with reduced emissions, evident from the introduction of biofuels, sustainable aviation fuel and biodiesel to customers while concurrently reducing their plants' carbon footprints.</li><li>Over the past four years, BP’s reputed trading organization has optimized these chains to drive returns surpassing industry standards.</li></ul>

BP's fourth quarter and full-year 2023 earnings call updates showcase the company's robust growth strategy and progressive journey from an international oil company (IOC) to an integrated energy company (IEC).The firm shows a steadfast commitment to rendering higher margins with reduced emissions, evident from the introduction of biofuels, sustainable aviation fuel and biodiesel to customers while concurrently reducing their plants' carbon footprints.Over the past four years, BP’s reputed trading organization has optimized these chains to drive returns surpassing industry standards.

BP p.l.c.: A Story Of Strategic Transition To Optimize Profitability & Sustainability! - Major Drivers

Energy Transition | AI | Shifting World Order, Mint Finance

Suhas Reddy

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>US crude oil inventory declined by 12.2 million barrels as of the week ending on 28/Jun, the biggest drawdown since July 2023.</li>
<li>Henry Hub prices continued to decline from last week due to increased production and cooler weather forecasts.</li>
<li>Saudi Aramco awarded over USD 25 billion in contracts for gas expansion. Goldman Sachs lowered its target price on Saudi Aramco but maintained its “Neutral” rating.</li>
</ul>


US crude oil inventory declined by 12.2 million barrels as of the week ending on 28/Jun, the biggest drawdown since July 2023.
Henry Hub prices continued to decline from last week due to increased production and cooler weather forecasts.
Saudi Aramco awarded over USD 25 billion in contracts for gas expansion. Goldman Sachs lowered its target price on Saudi Aramco but maintained its “Neutral” rating.


[ETP 27/2024] Oil Prices Surge While Natural Gas Slides; Energy Majors' Gains Slowdown

<ul><li>BP's results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall Street.</li><li>They reported strong operational performance, with upstream plant reliability and refining availability at 96% year-to-date.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

BP's results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall Street.They reported strong operational performance, with upstream plant reliability and refining availability at 96% year-to-date.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

BP plc: A Disappointing Quarter: A Deep Dive into the Unexpected Setbacks! - Major Drivers

<ul><li>BP's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.</li><li>Additionally, the strategic focus on transition growth engines, such as convenience business, EV charging, bioenergy, hydrogen projects, and renewables, positions the company as a proactive player in the changing energy landscape.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

BP's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.Additionally, the strategic focus on transition growth engines, such as convenience business, EV charging, bioenergy, hydrogen projects, and renewables, positions the company as a proactive player in the changing energy landscape.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

BP p.l.c.: Are Alternative Energy Projects Really A Growth Catalyst? - Major Drivers

United Kingdom

BP P.L.C is an energy company. The Company explores and produces oil and natural gas, refines, markets, and supplies petroleum products, as well as generates solar energy, and manufactures and markets chemicals such as terephthalic acid, acetic acid, acrylonitrile, ethylene, and polyethylene. BP serves customers worldwide.

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BP (BP US)

BP p.l.c.: A Focus On Value Over Volume In Hydrocarbon Production - Major Drivers

BP, the energy giant has reaffirmed its annual target and unveiled a new cost-cutting measure, reflecting its bid for financial resilience in an...

Baptista Research

BP p.l.c.: A Story Of Strategic Transition To Optimize Profitability & Sustainability! - Major Drivers

BP's fourth quarter and full-year 2023 earnings call updates showcase the company's robust growth strategy and progressive journey from an...

Baptista Research

[ETP 27/2024] Oil Prices Surge While Natural Gas Slides; Energy Majors' Gains Slowdown

US crude oil inventory sees the biggest drawdown since July 2023. TotalEnergies exits South Africa to focus on Namibia. Jefferies cuts Chevron's...

Mint Finance

BP plc: A Disappointing Quarter: A Deep Dive into the Unexpected Setbacks! - Major Drivers

BP's results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall...

Baptista Research

BP p.l.c.: Are Alternative Energy Projects Really A Growth Catalyst? - Major Drivers

BP's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations. Additionally, the...

Baptista Research

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