Boston, MA 05/19/2014 (wallstreetpr) – BP Plc (NYSE:BP) is a leading American company. BP recently announced the financial results of the first quarter of the year 2014. Following are the details of the Q1 results-
Financial results:
According to the reports, the replacement cost profit of BP Plc (NYSE:BP) in the first quarter was totaled as s $3,475 million. If compared to the results of the previous year, one can see that the company has undergone a huge negative growth. The last year’s replacement cost profit was $16,596 million, way more than this year’s figures. If taken into consideration the cash received from operating activities, one can see a good recovery from last year. In the Q1 of year 2014, the company posted $8.2 billion as the cash from operating activities, at the same time in year 2013, the company posted $4 billion.
BP Plc (NYSE:BP) couldn’t do well in terms of debt reduction in last 12 months. The total debts of the company at the end of Q1 2014 were $25.3 billion, in comparison to the $25.2 billion of the last year’s Q1. The total expenditures of the company in the Q1 of 2014 were $6.1 billion, significantly more than the last year. All the finance expenses like pensions, postretirement benefits, were amounted to $367 million in the first quarter of the year 2014. If taken into consideration the figures of the last year, one can see a marginal decline in all these expenses. The net finance expenses were $404 million in the Q1 of the year 2013.
Please note that BP Plc (NYSE:BP) had announced the dividend of 9.75 cents per ordinary share in the Q1 of the current year. This dividend is expected to be paid on 20th June, 2014. So far the company has done pretty well, but the actual situation will be made clear only after few months when the results of Q2 will be out.
