TOWBRIDGE in Sumrest, England, on March 15, 2025.
Anna Barclay Getty Images News | Gety pictures
Britain BP On Tuesday, it recorded a stronger profit than expected in the second quarter, after a period of increased fluctuations in global oil and gas prices.
Energy Major, which is struggling with the profit of the cost of basic replacement, which is used as a substitute for a net profit, has reached $ 2.35 billion for the three months until June. These analyzed expectations are comfortably winning a value of $ 1.81 billion, according to the compatibility consisting of LSEG.
BP profit reached $ 2.76 billion during the second quarter of last year and $ 1.38 billion in the first three months of 2025.
BP said that its quarterly profits will increase to 8.32 cents of 8 cents and that it will maintain the pace of the shares re -purchase program at 750 million dollars for the second quarter.
The results come at a time when BP continues to try to rebuild the investor’s confidence after a long time of performance for its peers in the industry.
“We had a tremendous performance, along with standard operating efficiency (and) as well as starting five new major projects.
“We have achieved tremendous success in exploration, and 10 commercial discoveries in exploration this year, and yesterday we announced our most exciting discovery, which is the discovery of Pomrangoy in Brazil,” Ochinkens said.
The company listed in London on Monday Declare The largest discovery of oil and gas in 25 years off the coast of Brazil, reflecting a possible large boost while continuing to double the hydrocarbons.
BP was recently the subject of intense acquisition speculation, which prompted a local competitor coincidence Saying in late June that there is “no intention” to make an offer.
The shares of the company increased by about 3.3 % on an annual basis.
The net BP debt reached $ 26.04 billion at the end of the second quarter, a decrease from about 27 billion dollars compared to the first three months of the year.
In response to a question about whether the company had been contacted by potential suits amid the constant acquisition of the acquisition, Ocinklos said that BP focuses on growth.
“This is what will lead to an increase in the share price for the shareholders,” he added.
https://image.cnbcfm.com/api/v1/image/107389586-1710869017085-gettyimages-2089846100-AFP_34LV837.jpeg?v=1744805436&w=1920&h=1080
2025-08-05 07:08:00
