BP Stock News

BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts' projections and highlighting a return to form amid ongoing global energy price volatility. The figure, based on BP's preferred measure of underlying replacement cost profit, topped the $1.81 billion consensus forecast compiled by LSEG and marked a sharp recovery from the $1.

BP PLC (LSE:BP.) beat expectations for second-quarter earnings and unveiled a larger-than-expected dividend and a new $750 million share buyback.

BP on Tuesday posted a second-quarter underlying replacement cost profit, or adjusted net income, of $2.35 billion, beating the average $1.82 billion in a company-provided poll of analysts.

BP's second-quarter earnings come as the oil and gas company continues to try to rebuild investor confidence. The British energy company recently announced its largest oil and gas discovery in 25 years off the coast of Brazil.

BP GB0007980591 hat im zweiten Quartal wie die Konkurrenz wegen des schwachen Ölpreises weniger als vor einem Jahr verdient.

BP GB0007980591 hat im zweiten Quartal wie die Konkurrenz wegen des schwachen Ölpreises weniger als vor einem Jahr verdient.

Company to carry out more tests on its Santos basin find as it continues shift from renewables back to fossil fuels

British oil and gas giant BP (BP) on Monday announced that it has made its biggest oil and gas discovery in more than two decades thanks to a drilling operation off the coast of Brazil.