On Oct. 24, BP (NYSE:BP) released Q3 earnings for the period ended Sept. 30.
- Revenues rose by 4.1% thanks to higher oil prices. The increase was partially offset by a drop in refining margins.
- Net profit fell by 12.5% following a rise in operating and tax expenses.
- EPS fell by only 8.8%, helped by a reduced share count. During the quarter, $3.5 billion worth of shares were repurchased.
- Free cash flow was substantially lower because of higher capital expenditures.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$70,726 |
$67,961 |
4.1% |
|
Net Profit* |
$6,294 |
$7,197 |
(12.5%) |
|
EPS |
$0.31 |
$0.34 |
(8.8%) |
|
Diluted Shares |
19,816 |
20,985 |
(5.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Operating Margin |
15.59% |
14.79% |
0.80 |
|
Net Margin |
8.90% |
10.59% |
(1.69) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$3,199 |
$2,182 |
46.6% |
|
Accounts Rec. |
$38,570 |
$51,921 |
(25.7%) |
|
Inventory |
$19,362 |
$19,507 |
(0.7%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$40,589 |
$58,414 |
(30.5%) |
|
Long-Term Debt |
$10,412 |
$11,697 |
(11%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$5,130 |
$6,166 |
(16.8%) |
|
Capital Expenditures |
$3,945 |
$3,069 |
28.5% |
|
Free Cash Flow |
$1,185 |
$3,097 |
(61.7%) |
Find out why Fools always follow the money.
Related companies:
- Chevron (NYSE:CVX)
- ExxonMobil (NYSE:XOM)
- Petro China (NYSE:PTR)
- Total SA (NYSE:TOT)
- ConocoPhillips (NYSE:COP)
Related Foolishness:
Total SA is a Motley Fool Income Investor pick.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
