Earnings ·
BP p.l.c. reported strong financial results for the second quarter of 2026, with underlying replacement cost profit…
BPBP PLC
BP p.l.c. reported strong financial results for the second quarter of 2026, with underlying replacement cost profit rising to $5.7 billion from $3.2 billion in the prior quarter and operating cash flow reaching $10.9 billion. The company announced a quarterly dividend of 8.66 cents per ordinary share, representing a 4% increase over the previous quarter's 8.32 cents. Strategic progress included agreements to sell its Austrian retail business, bring partners into Kirkuk operations, and complete the sale of the Gelsenkirchen refinery, while launching processes to market its North Sea business and biogas unit Archaea Energy. Net debt decreased by $6.9 billion to $22.3 billion following strong cash generation and a $2.9 billion hybrid bond redemption. This integrated energy company operates in the oil and gas industry.