Earnings ·
BP p.l.c. reported a second-quarter 2026 attributable profit of $3.9 billion, up from $1.6 billion in the prior-year…
BPBP PLC
BP p.l.c. reported a second-quarter 2026 attributable profit of $3.9 billion, up from $1.6 billion in the prior-year period, driven by higher liquid and gas realizations and stronger refining margins. Underlying replacement cost profit reached $5.7 billion for the quarter and $8.9 billion for the first half. CEO Meg O’Neill outlined five priorities to strengthen the balance sheet, simplify the portfolio, and drive operational excellence. The company announced intentions to sell its UK North Sea business, Archaea Energy’s US biogas operations, and Bay du Nord in Canada, while completing the sale of the Gelsenkirchen refinery. Net debt stood at $22.3 billion as of June 30, 2026. BP p.l.c. is an integrated oil and gas company engaged in exploration, production, refining, marketing, and trading of petroleum products.