produced a brief video interview with CEO Bob Dudley on this quarter's earnings. (NYSE: BP)
BP bucked the trend of big oil companies reporting poor earnings. The company reported earnings per share of $1.59, above analyst expectations of $1.57 and revenue of $96.3 billion, above expectations of $86.2 billion.
As Fool analyst David Lee Smith has written, big oil companies are facing significant challenges in a world of sliding supply. With oil demand rising over the next 20 years, we expect high oil prices are here to stay.
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