{"id":4551,"date":"2022-08-03T02:30:00","date_gmt":"2022-08-03T02:30:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=4551"},"modified":"2022-08-02T14:39:29","modified_gmt":"2022-08-02T14:39:29","slug":"bps-2nd-quarter-results-2022","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=4551","title":{"rendered":"BP’s 2nd Quarter Results 2022"},"content":{"rendered":"\n

Yesterday, with much media excitement, BP announced its Q2 results<\/p>\n\n\n\n

https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/investors\/bp-second-quarter-2022-results.pdf<\/a><\/p>\n\n\n\n

The media were in a frenzy anout the size of the figures<\/p>\n\n\n\n

https:\/\/news.sky.com\/story\/bp-reports-second-quarter-profit-of-8-45bn-highest-in-14-years-12663939<\/a><\/p>\n\n\n\n

When one looks at the figures it is important to get past the “feeding frenzy” and look at the results in detail.<\/p>\n\n\n\n

\"\"<\/a>
Courtesy of BP PLC<\/figcaption><\/figure>\n\n\n\n

$9.2 Bn Profit = \u00a37.52192 Bn
Current Debt of $22.8 Bn = \u00a318.6413 Bn<\/p>\n\n\n\n

\"\"<\/a>
Courtesy of BP PLC<\/figcaption><\/figure>\n\n\n\n

Finance Costs, (interest payments) in the quarter = $556m = \u00a3454.586m<\/p>\n\n\n\n

So by doing some simple forecasting, if total debt is \u00a318.6413 Bn and BP is paying \u00a3454.586m a quarter, in a year, it is paying (\u00a3454.586m x 4 = \u00a31,818.344 a year on its debt).
That means, (\u00a318.6413 Bn \/ \u00a31.818.344 bn) its rough annual interest rate on its debt is 10.25%.<\/p>\n\n\n\n

\"\"<\/a>
Courtesy of BP PLC<\/figcaption><\/figure>\n\n\n\n

The balance sheet is large. $299bn<\/p>\n\n\n\n

https:\/\/www.londonstockexchange.com\/stock\/BP.\/bp-plc\/company-page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, with much media excitement, BP announced its Q2 results https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/investors\/bp-second-quarter-2022-results.pdf The media were in a frenzy anout the size of the figures https:\/\/news.sky.com\/story\/bp-reports-second-quarter-profit-of-8-45bn-highest-in-14-years-12663939 When one looks at the figures it is important to get past the “feeding frenzy” and look at the results in detail. $9.2 Bn Profit = \u00a37.52192 BnCurrent Debt of $22.8 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4551","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4551"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4551\/revisions"}],"predecessor-version":[{"id":4559,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4551\/revisions\/4559"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}