What impact will soaring oil prices have on BP’s earnings?

Michael Hewson at MCH Market Insights said: “It’s important not to have too high an expectation in what will be Meg O’Neill’s first earnings announcement as chief executive, but it should set the tone for what is to come next, and while BP has its fair share of problems, the fact that she’s joining the business after such a weak fourth quarter, when it posted a 3.4 billion US dollar loss, I would suspect the bar is quite low.”