BP Ready for its Quarterly Earnings Release

Published on Monday, 06 February 2012 10:16 Written by Christopher Lynn

New York, February 6th (TradersHuddle.com) - Shares of BP plc (NYSE:BP) traded lower by -0.64% ahead of its quarterly earnings release. BP, the energy producer based in England is expected to release its quarterly results on February 7^th.

Wall Street Analysts consensus calls for a profit of $1.59 a share on $86.23 billion revenue.

BP estimates have a range of $0.49 a share. The high estimate calls for profit of $1.81 a share and the low estimate is calling for a profit of $1.32 a share, a year ago for the quarter the company reported $1.39 a share.

BP plc (NYSE:BP) is an oil and petrochemicals company. The integrated oil company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP was founded in 1889 and is headquartered in London, UK.

Other companies on the watch on this earnings event are Exxon Mobil Corp. NYSE:XOM and Chevron Corp. NYSE:CVX.