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.

Deep Fundamental Analysis

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Equity Bottom-Up

<ul>
<li>BP’s revenue declined 11.3% YoY, missing estimates by 4.3%, while EPS fell 27.8% YoY, beating estimates by 3.8%. Underlying net profit dropped 31.2% YoY to USD 2.3 billion.</li>
<li>BP’s Q3 performance was impacted by weak oil prices, lower refining margins, and soft trading results, leading to its lowest underlying net profit since Q3 2020.</li>
<li>Total upstream production rose 3% YoY, with liquids production up 5%. BP also achieved 80% YoY growth in its EV charging business, selling 1 terawatt-hour of electricity globally.</li>
</ul>


BP’s revenue declined 11.3% YoY, missing estimates by 4.3%, while EPS fell 27.8% YoY, beating estimates by 3.8%. Underlying net profit dropped 31.2% YoY to USD 2.3 billion.
BP’s Q3 performance was impacted by weak oil prices, lower refining margins, and soft trading results, leading to its lowest underlying net profit since Q3 2020.
Total upstream production rose 3% YoY, with liquids production up 5%. BP also achieved 80% YoY growth in its EV charging business, selling 1 terawatt-hour of electricity globally.


[Earnings Review] BP Posts Worst Earnings Since Q3 2020 as Weak Oil Prices Hit Margins

BP PLC

[Earnings Review] BP Posts Worst Earnings Since Q3 2020 as Weak Oil Prices Hit Margins