Filing Flows › BP (BP) › Q1 2025
BP (BP) Q1 2025 earnings results (first quarter 2025)
6-K filed Apr 29, 2025
BP (BP) reported revenue of $46.9B for the first quarter 2025 (Q1 2025), +3% from a year earlier. Operating margin was 9.4%, net earnings $687M (1.5% of revenue).
BP, Q1 2025: revenue $46.9B (+2% year over year), operating margin 9.4%, net earnings $687M, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.9B | — | +3% |
| Operating profit | $4.4B | — | +492% |
| Net earnings | $687M | — | — |
| Operating cash flow | $2.8B | — | -62% |
What changed
Revenue was $46.9B in Q1 2025, up 3% year over year. Oil products was the largest line at 58% of revenue. Other operating revenues added $2.2B year over year (up 36%), 192% of the total change. Crude oil declined 19%.
Operating profit was $4.4B, a 9.4% margin (up 7.8 points year over year). Of the extra revenue versus a year earlier, 317% reached operating profit, above the 2% margin then. Total costs fell 6% while revenue rose 3%. Net earnings were $0.69B. The effective tax rate was 68.6%.
Operating cash flow was $2.8B (down 62% year over year), 289% of net income including minority interests. Working capital and other items added $1.9B.
Questions
What was BP's revenue in the first quarter 2025?
BP (BP) reported revenue of $46.9B for the first quarter 2025 (Q1 2025), +3% from a year earlier.
Was BP profitable in the first quarter 2025?
Operating profit was $4.4B (9.4% of revenue) and net earnings $687M.
Source: BP 6-K on SEC EDGAR.