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4/30/15: BP Plc. (NYSE ADR: BP) reported its first-quarter earnings before market open on April 28. It was the first of the largest Big Oil companies to release Q1 numbers.
The BP stock price is up about 1% since then, even though BP Q1 earnings report fell short of analyst expectations. The company posted $2.1 billion in profit – about 40% less than the $3.48 billion in profit from Q1 2014.
However, BP's downstream operations, including refining and chemicals production, reported a profit of $2.1 billion. That's more than double the company's downstream profit from the first quarter of last year. BP’s downstream operations will be what supports the BP stock price going forward.