BP reported underlying replacement cost profit for the second quarter of 2025 at $5.7 billion, above analyst expectations of $5 billion and a sharp jump from $2.35 billion in the same period last year. Results were boosted by surging oil and gas prices driven by the US-Iran conflict, which disrupted shipments through the Strait of Hormuz. BP also raised its dividend by 4% to 8.66 cents per ordinary share, with operating cash flow of $10.9 billion, while net debt fell to $22.25 billion. In addition, the company has begun the process of selling Archaea Energy, the US biogas business BP acquired for $4.1 billion in 2022.
BP p.l.cBP's Q2 profit more than doubled to $5.7B, beating estimates, with raised dividend and strong cash flow.
BP has begun the process of selling Archaea Energy, indicating a divestiture that may affect its future.