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BP.

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BAD

BP Provides 1Q25 Trading Update: Weaker Performance Across Key Segments

Why we think this is bad

The trading update from BP indicates weaker performance across several key segments in the first quarter of 2025. Reported upstream production is expected to be lower, the gas marketing and trading result is expected to be weak, and seasonally lower volumes in the customers segment are anticipated. Additionally, the company's valuation appears high, which could lead to profit-taking if any negative news emerges. These factors collectively point to a negative sentiment for the company's performance in the quarter.

Key Points

  • Reported upstream production expected to be lower
  • Gas marketing and trading result expected to be weak
  • Customers & products segment to face seasonally lower volumes
  • Company's valuation appears high, which could lead to profit-taking

Summary

The energy major reports weaker performance in the first quarter, with lower upstream production, weak gas trading, and seasonally lower customer volumes.

BP p.l.c. has provided a trading update for the first quarter of 2025, indicating weaker performance across several key segments. Reported upstream production is expected to be lower, primarily due to the impact of recent divestments. The gas & low carbon energy segment is expected to see a weak gas marketing and trading result, while the customers & products segment is anticipated to face seasonally lower volumes. The company's valuation also appears high, which could lead to profit-taking if any negative news emerges.

Key Dates

April 29, 2025
BP to publish 1Q25 results
TRADING UPDATE