BP sees net profit of over €1.6B in Q2

BP Plc posted a net profit of $1.629 billion in the second quarter of 2025, down from a loss of $129 million in the same period last year, Report informs referring to the company's data.

Adjusted profit using the replacement cost (RC) profit in the second quarter of 2025 was $2.4 billion, down from $1.4 billion in the previous quarter.

Hydrocarbon production in the second quarter fell to 2.3 million barrels of oil equivalent per day from 2.379 million boe/d a year earlier.

Average selling price: in the oil production & operations segment fell to $49.03 per boe compared to $55.78; in the gas and low-carbon energy segment, it rose to $40.84 per boe compared to $36.85 a year earlier.

The company forecasts that production in the third quarter will decrease slightly compared to the level of April-June. By the end of 2025, production volumes are expected to decrease compared to last year's figures.

Previously, BP allowed only a slight decrease. The company's capital expenditures in the second quarter amounted to $3.4 billion, the annual plan remained unchanged at $14.5 billion.

The structure of capital expenditures for 2026 and 2027 remains unchanged, at about $13-15 billion.

BP also announced plans to buy back its own shares in the amount of $750 million before the publication of the third-quarter results. Dividends for the second quarter will amount to 8.32 cents per share, which is higher than the previous quarter (8 cents).