A global energy company that finds, extracts, and refines oil and natural gas, and sells fuels and lubricants to motorists and industry under brands like BP, Castrol, and Aral. It traces its roots to 1909, when the Anglo-Persian Oil Company was formed after oil was struck in Persia (now Iran), and later took the name British Petroleum — the source of the "BP" initials. A fun detail: the company's green-and-yellow sunburst logo, introduced in the 1920s, was inspired by the Greek sun god Helios.
BP reports 2Q 2026 underlying RC profit of $5.7 billion, up from $3.2 billion in 1Q 2026.
Operating cash flow for 2Q 2026 was $10.9 billion, after a $1.0 billion working capital build.
Show detailsHide details
Underlying replacement cost profit for 2Q 2026 was $5.7 billion, compared with $3.2 billion in the prior quarter and $2.4 billion in 2Q 2025.
Net debt fell to $22.3 billion at end of 2Q 2026 from $25.3 billion at end of 1Q 2026.
Dividend per ordinary share increased 4% to 8.66 cents for 2Q 2026.
CEO Meg O'Neill announced five priorities including balance sheet strengthening, portfolio simplification, disciplined investment, operational excellence, and high-performance culture.
BP reports Q2 2026 underlying RC profit of $5.7B, up from $2.4B year ago
Underlying replacement cost profit for Q2 2026 was $5.7 billion, compared to $2.4 billion in Q2 2025.
Show detailsHide details
Operating cash flow for Q2 2026 was $10.9 billion, up from $6.3 billion in the prior-year quarter.
Profit attributable to bp shareholders for Q2 2026 was $3.9 billion, versus $1.6 billion in Q2 2025.
CEO Meg O'Neill announced five priorities including balance sheet strengthening, portfolio simplification, and divestments of Gelsenkirchen refinery, Austria retail, North Sea, and Archaea.
Dividend declared for Q2 2026 was 8.660 cents per ordinary share, up from 8.320 cents in Q2 2025.
BP executives acquire shares via DRIP and ShareMatch UK Plan in July 2026
On 1 July 2026, CFO Kate Thomson, EVP Upstream Gordon Birrell, EVP People Kerry Dryburgh, and EVP Technology Emeka Emembolu each acquired BP ordinary shares through the dividend reinvestment plan (DRIP) at £4.58242 per share.
Show detailsHide details
On 2 July 2026, the same four executives plus Deputy CEO Carol Howle and EVP Legal Michael Sosso acquired additional shares through DRIP in their ShareMatch UK holdings at £4.694 per share.
On 10 July 2026, Carol Howle, Kate Thomson, Gordon Birrell, Kerry Dryburgh, and Michael Sosso acquired shares through the BP ShareMatch UK Plan at £4.818 per share.
All transactions were conducted outside a trading venue and were disclosed under Article 19 of the Market Abuse Regulation.
The Form 6-K was filed with the SEC on 3 August 2026 and signed by Company Secretary Ben J. S. Mathews.
BP issues 2Q26 trading statement with lower production and higher refining margins expected
BP expects 2Q26 reported upstream production of 2,170-2,220 mboe/d, down from 2,339 mboe/d in 1Q26, due to seasonal maintenance in the Gulf of America and Middle East disruption.
Show detailsHide details
Oil production & operations realizations are expected to add $1.8-2.1 billion versus 1Q26, while gas & low carbon energy realizations add $0.5-0.7 billion.
Refining margins are expected to improve by $1.2-1.4 billion, with throughput of 1,445-1,475 mb/d, reflecting higher turnaround activity and lower Whiting volumes after an April third-party event.
Net debt is expected to fall to $22-23 billion at end-2Q26 from $25.3 billion at 1Q26, after redeeming $2.9 billion of hybrid bonds and paying $1.1 billion Gulf of America settlement liabilities.
2Q26 results are expected to include post-tax adjusting items of about $1.0 billion, mainly impairments in gas & low carbon energy transition businesses.
Brent averaged $103.85/bbl in 2Q26 versus $81.13/bbl in 1Q26; Henry Hub averaged $2.90/mmBtu versus $5.05/mmBtu; bp RIM averaged $29.6/bbl versus $16.9/bbl.
BP p.l.c. announces Q1 2026 interim dividend of US$0.0832 per share, payable 26 June 2026.
Sterling dividend will be 6.1844 pence per share, converted at an exchange rate of £1 = US$1.34533.
Show detailsHide details
The first quarter 2026 interim dividend is US$0.0832 per ordinary share (US$0.4992 per ADS), payable on 26 June 2026 to shareholders on record as of 15 May 2026.
No scrip dividend alternative is offered for this dividend; dividend reinvestment plans are available for ordinary shareholders and ADS holders.
Several PDMRs, including CFO Kate Thomson and Deputy CEO Carol Howle, acquired shares through the BP ShareMatch UK Plan on 10 June 2026 at £5.293 per share.
EVP Gordon Birrell was granted 2,650 options under the BP ShareSave (SAYE) UK Plan on 25 June 2026 at an exercise price of £4.12 per share.