LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported second-quarter profit of $1.79 billion.
On a per-share basis, the London-based company said it had profit of 60 cents. Earnings, adjusted for non-recurring costs, were 89 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The oil and gas company posted revenue of $49.48 billion in the period.
BP shares have climbed roughly 7% since the beginning of the year. The stock has risen 27% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BP at https://www.zacks.com/ap/BP