Filing Flows › BP (BP) › Q1 2026
BP (BP) Q1 2026 earnings results (first quarter 2026)
6-K filed Apr 28, 2026
BP (BP) reported revenue of $52.3B for the first quarter 2026 (Q1 2026), +11% from a year earlier and 0% from the quarter before. Operating margin was 14.1%, net earnings $3.8B (7.4% of revenue).
BP, Q1 2026: revenue $52.3B (+11% year over year), operating margin 14.1%, net earnings $3.8B, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.3B | 0% | +11% |
| Operating profit | $7.4B | 0% | +135% |
| Net earnings | $3.8B | 0% | +459% |
| Operating cash flow | $2.9B | — | +0.9% |
What changed
Revenue was $52.3B in Q1 2026, up 11% year over year and roughly flat from the previous quarter. Oil products was the largest line at 57% of revenue. Other operating revenues added $3.3B year over year (up 39%), 62% of the total change. Crude oil declined 20%.
Operating profit was $7.4B, a 14.1% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 79% reached operating profit, above the 7% margin then. Total costs grew 3% against revenue growth of 11%. Net earnings were $3.8B, up 459% year over year. The effective tax rate was 42.8%.
Operating cash flow was $2.9B (up 1% year over year), 68% of net income including minority interests. Working capital and other items used $1.4B.
Questions
What was BP's revenue in the first quarter 2026?
BP (BP) reported revenue of $52.3B for the first quarter 2026 (Q1 2026), +11% from a year earlier and 0% from the quarter before.
Was BP profitable in the first quarter 2026?
Operating profit was $7.4B (14.1% of revenue) and net earnings $3.8B.
Source: BP 6-K on SEC EDGAR.