Sunday, 8 May 2016

BP report Q1 2016

BP, Q1, 2016, front page

The price for the shares and the price for oil seems to follow each other pretty well. Lately the price for oil has increased which have pushed up the share prices... in the last week or so the oil price have again started to drop a little and surprise, surprise so did the share price of BP.

For the report in full please click here and to see the previous summary regarding BP annual report 2015 or why not take a look at the latest analysis of BP 2016. 

In the financial report below we can see that it is not peachy for BP. The revenue has dropped like a stone and what worse is it seems to drop more and more for each passing quarter. Not it is almost 20 billion USD or -30% in comparison to 2015 and that is a lot! Happily many of their expenses also decreased but still we ended up with -583 million USD for the quarter... so let us NOT keep that up!

BP, financial statement, Q1, 2016

Conclusion: BP have yet to receive its break but it was not this quarter and I would be very surprised if it would at all happen during this year. Nah... BP will keep muddling along and I hope that can at least turn a profit so they they will not be forced to sell any more assets or take on my debt to be able to keep up the dividend payments. I will remain as a shareholder.


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