BP PLCBP
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BP's Q2 profit surged to $5.7B, beating consensus, driven by higher prices and trading profits.
Impact on stocks 1
Energy Transition & Power Demand
BP PLCBP more than doubled its second-quarter profit from a year earlier, reporting an underlying replacement cost profit of $5.7 billion. The result, up from $3.2 billion in the previous quarter and $2.35 billion in the same period of 2025, beat the average analyst consensus of $5 billion. The company attributed the surge to higher oil and gas prices, stronger refining margins, and significantly higher oil trading profits amid extreme market volatility. CEO Meg O'Neill said BP needs to simplify the business and focus on the most profitable assets to create shareholder value.
BP PLCBP's Q2 profit surged to $5.7B, beating consensus, driven by higher prices and trading profits.