BP posts 143% profit hike
Digest more
BP p.l.c. delivered strong Q2 results, driven by robust oil and refining margins, yet shares underperformed peers. Learn more about BP stock here.
BP (NYSE:BP) reported second-quarter underlying replacement cost profit of $5.7 billion, up 78% from the first quarter, as stronger commodity prices, improved refining margins and higher trading performance lifted results.
By Stephanie Kelly Aug 3 (Reuters) - BP has completed the sale of its Gelsenkirchen refinery to investment firm Klesch Group, expecting about a $1 billion reduction in underlying operating expenditure as the oil major simplifies its operations.
Despite continuous disruption from conflict in the Middle East, bp has announced US$5.73bn in profits for Q2 2026 and the sale of its US biogas segment
BP p.l.c. is a Buy as its turnaround accelerates under the new CEO, with strong Q2, faster net debt cuts, and higher dividends. Click for this BP stock update.
Just four years after buying Houston-based Archaea Energy for $4.1 billion, BP is selling the company amid sweeping divestments.
Houston is the home of BP’s U.S. headquarters and more than 3,500 employees, making it one of the company's largest employee bases worldwide.
ANDY Burnham has been told to ramp up North Sea oil and gas drilling and think twice about damaging tax hikes on the sector, BP’s boss warns. The Prime Minister is facing pressure to further