Quarterly ResultAug 4, 2026, 07:51 AM
BP Q2 Underlying RC Profit $5.7B; Operating Cash Flow $10.9B
AI Summary
BP PLC reported a strong financial performance for Q2 2026, with underlying replacement cost profit reaching $5.7 billion and operating cash flow at $10.9 billion. Profit attributable to shareholders was $3.9 billion. CEO Meg O'Neill outlined five priorities for improvement, including strengthening the balance sheet, simplifying the portfolio through divestments (Gelsenkirchen refinery, retail business in Austria, North Sea business, Archaea), and driving operational excellence. The company also updated its 2026 guidance for capital expenditure and divestment proceeds, and announced an intention to repay $1.0 billion in hybrid securities.
Key Highlights
- Underlying RC profit for Q2 2026 was $5.7 billion, up from $3.2 billion in Q1 2026.
- Profit attributable to shareholders for Q2 2026 was $3.9 billion.
- Operating cash flow for Q2 2026 reached $10.9 billion.
- Announced dividend per ordinary share for Q2 2026 is 8.660 cents.
- Net debt at the end of Q2 2026 was $22.3 billion.
- Company expects to repay $1.0 billion of perpetual subordinated hybrid securities.
- Updated 2026 capital expenditure guidance to $13.5-14.0 billion.
- Updated 2026 divestment and other proceeds guidance to $8-9 billion.
Price Impact
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