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 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.
高盛分析师Michele Della Vigna昨天在BP发布第二季度fy24财报后修改预测，BP p.l.c. (NYSE:BP)股价今日上涨。
The British oil and gas giant reported sales and other operating revenues of $47.299 billion, missing the consensus of $52.925 billion.
这家英国油气巨头报告的销售额及其他营业收入为472.99亿美元，未达成529.25亿的共识。
Also, Underlying RC profit per American Depositary Share (ADS) came in at $1.00, beating the consensus of $0.92.
此外，按ADS计算的基本RC利润为每股1.00美元，超过了预期的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已宣布将中期股息提高10%，达到每股8.000美分，并在本季度内回购了1.75亿美元的股票。
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.
根据分析师的估计，BP的自由现金流收益率约为15.2%(2024E)，是欧盟主要公司中最高的。这是由于公司通过现金流产生的棕地项目改善了成本和资本效率，并且公司的保本油价从高峰时期下降了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.
分析师表示，这是由于通过现金流产生的棕地项目改善了成本和资本效率，BP通过现金流产生的棕地项目改善了现有基础设施，该公司的保本油价从高峰时期下降了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.
财报显示，分析师调整了其预测，导致2024年的每股收益变化约为-8%，2025年约为-8%，2026年约为-4%，主要是由于低于预期的精炼利润和天然气价格。
Goldman Sachs reiterated a Buy rating with a price target of $48.
高盛重申BP的买入评级，价格目标为48美元。
Price Action: BP shares are up 1.77% at $35.43 at the last check Wednesday.
截至周三最后一次检查，BP股价上涨1.77%，报35.43美元。
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