Investing.com - BP (LON:BP) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BP announced earnings per share of $0.1648 on revenue of $37.87B. Analysts polled by Investing.com anticipated EPS of $0.1475 on revenue of $39.87B.
BP shares are up 36.09% from the beginning of the year and are trading at $346.75 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 12.15% from the start of the year.
BP shares lost 2.87% in intra-day trade following the report.
BP follows other major Energy sector earnings this month
BP's report follows an earnings missed by Reliance Industries Ltd on Friday, October 22, 2021, who reported EPS of $0.5951 on revenue of $22.37B, compared to forecasts EPS of $0.6131 on revenue of $22.73B.
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