BP net profit more than doubles to $3.91 billion on Middle East war disruption

EarningsCorporate Action Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

BP said Tuesday that its net profit more than doubled in the second quarter to $3.91 billion, up from $1.62 billion a year earlier, as the Middle East war roiled oil and gas markets. Total revenue increased 47 percent to $70 billion, while a core profit measure that strips out certain items more than doubled to $5.7 billion, outperforming expectations. The five biggest Western energy majors—BP, Chevron, ExxonMobil, Shell and TotalEnergies—reported combined net profits of almost $47 billion in the quarter. BP also raised its quarterly dividend by four percent and announced plans to sell its North Sea business and its US biogas business Archaea.

Impact on stocks 5

Energy Transition & Power Demand · 3 stocks
BP PLC
BP
▲ PositiveCapitalrelevance

BP's net profit more than doubled, beating expectations, and it raised dividend.

Shell plc
SHEL
▲ PositiveDemandrelevance

Higher oil prices due to Middle East war boost Shell's earnings.

Exxon Mobil Corp
XOM
▲ PositiveDemandrelevance

Higher oil prices due to Middle East war boost ExxonMobil's earnings.

Energy · 2 stocks
Chevron Corp
CVX
▲ PositiveDemandrelevance

Higher oil prices due to Middle East war boost Chevron's earnings.

TotalEnergies SE
TTE
▲ PositiveDemandrelevance

Higher oil prices due to Middle East war boost TotalEnergies' earnings.