BP PLC (NYSE:BP)

$ 28.79 0.04 (0.14%) Market Cap: 75.65 Bil Enterprise Value: 123.71 Bil PE Ratio: 30.27 PB Ratio: 1.23 GF Score: 67/100

Q3 2024 BP PLC Earnings Call Transcript

Oct 29, 2024 / 01:00PM GMT

Release Date Price: $29.36 (-5.44%)

Transcript

Operator

Okay. Thank you, everyone, for joining BP's third quarter 2024 results call. As you'll be aware, we published the slides and script and video presentation alongside our stock exchange announcement earlier today.

So before we start with Q&A, let me hand over to Murray for a few opening remarks.

Murray Auchincloss

BP PLC - Chief Executive Officer, Executive Director

Thanks, Craig, and thanks, everyone, for joining Kate and I on the call today. To briefly recap today's results, operations run well this quarter. Year-to-date, upstream production was around 3% up, including liquids production up 5%. Plant reliability in the Upstream was more than 95% and refining availability was more than 96% for the quarter.

Really cool statistic in our EV charging business. We've had 80% year-on-year growth. And cumulatively, this year, we've now hit 1 terawatt hour of electrons sold to our customers around the globe. We now have 23 kbd biogas supply online with eight plants commissioning in 4Q. Our performance has supported underlying profit of $2.3

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