BP PLC

BP.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 621.00	Jwdl	Cdvlxdc

BP Q3 Earnings Remain Strong and Continues Repurchases, but at Lower Level; Shares Look Cheap

Allen Good

Nov 1, 2022

BP's third-quarter adjusted earnings of $8.2 billion exceeded market expectations while only slipping slightly from second-quarter levels and increasing from $3.3 billion last year on higher commodity prices and strong refining margins. Adjusted earnings excluded about $10.1 billion in losses primarily due to fair value accounting on liquid natural gas contract hedges.

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