BP's High Free Cash Flow Yield And Efficient Capital Improvements Drive Confidence: Goldman Sachs
BP's High Free Cash Flow Yield And Efficient Capital Improvements Drive Confidence: Goldman Sachs
BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share and completed $1.75 billion in share buybacks during the quarter.BP p.l.c. (NYSE:BP) shares are trading higher today. Goldman Sachs analyst Michele Della Vigna revised estimates after the company reported second-quarter FY24 results yesterday.
高盛分析師Michele Della Vigna昨天在BP發佈第二季度fy24業績後修改預測，BP p.l.c. (NYSE:BP)股價今日上漲。
The British oil and gas giant reported sales and other operating revenues of $47.299 billion, missing the consensus of $52.925 billion.
這家英國油氣巨頭報告的銷售額及其他營業收入爲472.99億美元，未達成529.25億的共識。
Also, Underlying RC profit per American Depositary Share (ADS) came in at $1.00, beating the consensus of $0.92.
此外，按ADS計算的基本RC利潤爲每股1.00美元，超過了預期的0.92美元。
BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share and completed $1.75 billion in share buybacks during the quarter.
BP已宣佈將中期股息提高10%，達到每股8.000美分，並在本季度內回購了1.75億美元的股票。
According to their estimates, the analyst writes that BP offers a free cash flow yield of approximately 15.2% (2024E), the highest among EU majors.
根據分析師的估計，BP的自由現金流收益率約爲15.2%(2024E)，是歐盟主要公司中最高的。這是由於公司通過現金流產生的棕地項目改善了成本和資本效率，並且公司的保本油價從高峰時期下降了75%以上。
This is due to cost and capital efficiency improvements, with the company's breakeven oil price dropping over 75% from its peak, as BP enhances existing infrastructure through cash flow-generative brownfield projects, says the analyst.
分析師表示，這是由於通過現金流產生的棕地項目改善了成本和資本效率，BP通過現金流產生的棕地項目改善了現有基礎設施，該公司的保本油價從高峰時期下降了75%以上。
Following the results, the analyst adjusted the estimates, resulting in EPS changes of about -8% for 2024, -8% for 2025, and -4% for 2026, primarily due to lower refining margins and gas prices.
業績顯示，分析師調整了其預測，導致2024年的每股收益變化約爲-8%，2025年約爲-8%，2026年約爲-4%，主要是由於低於預期的精煉利潤和天然氣價格。
Goldman Sachs reiterated a Buy rating with a price target of $48.
高盛重申BP的買入評級，價格目標爲48美元。
Price Action: BP shares are up 1.77% at $35.43 at the last check Wednesday.
截至週三最後一次檢查，BP股價上漲1.77%，報35.43美元。
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