BP more than doubled its profit for the second quarter from a year earlier on the back of higher oil and gas prices and stronger refining margins driven by the shock supply disruption in the Middle East.
BP on Tuesday reported an underlying replacement cost (RC) profit, the closest metric to net profit closely watched by ******* ysts, of $5.7 billion for the second quarter, up from $3.2 billion for the previous quarter, and more than doubled from the $2.35 billion for the same period of 2025.
The Q2 earnings beat the average ******* yst consensus of $5 billion.
The jump in oil and gas prices, combined with significantly higher refining margins and stronger oil and gas trading profits from a year earlier, boosted BP's underlying earnings above ******* yst expectations.
The surge in the underlying result mainly reflected higher liquids and gas realizations, including the impact of price lags, stronger realized refining margins, and stronger customer results, partly offset by higher exploration write-offs, BP said.
#margins #doubled
BP on Tuesday reported an underlying replacement cost (RC) profit, the closest metric to net profit closely watched by ******* ysts, of $5.7 billion for the second quarter, up from $3.2 billion for the previous quarter, and more than doubled from the $2.35 billion for the same period of 2025.
The Q2 earnings beat the average ******* yst consensus of $5 billion.
The jump in oil and gas prices, combined with significantly higher refining margins and stronger oil and gas trading profits from a year earlier, boosted BP's underlying earnings above ******* yst expectations.
The surge in the underlying result mainly reflected higher liquids and gas realizations, including the impact of price lags, stronger realized refining margins, and stronger customer results, partly offset by higher exploration write-offs, BP said.
#margins #doubled
22 hours ago
