BP Q2 Replacement Profit Doubles Y-o-Y on Prices, Trading


   
   SECAUCUS, NJ (DTN) -- BP reported on Tuesday (8/4) an underlying replacement 
cost profit of $5.7 billion for the second quarter, more than double 
year-on-year, driven by stronger crude prices and trading performance.

Replacement profit in Q2 2025 was $2.4 billion. For Q1 2026, it was $3.2 
billion.The average dated price for Brent crude was $103.90 bbl in Q2 versus 
$81.10 in the prior quarter and $67.90 a year ago.The average realized price 
for natural gas under production on the Henry Hub was $2.90 mmbtu versus 
$5.10in Q1 and $3.40 in the prior year.Refining and trading operations under 
the customers and products segment reported $5.0 billion in underlying 
replacement cost profit before interest and tax, compared to $1.5 billion a 
year earlier and $3.2 billion in the prior quarter.Refining availability 
reached 94.7% in the second quarter versus 96.3% during the first quarter. BP's 
oil production & operations segment reported an underlying replacement cost 
profit of $3.6 billion for Q2 2026, up from $2.3 billion reported in Q2 2025 
and $2.0 billion in Q1 2026.Overall upstream production dropped 6% 
quarter-on-quarter to 2,201 mboed, driven primarily by scheduled seasonal 
maintenance in the Gulf of America. Year-on-year, it slid 4.3% from a prior 
2,300 mboed.  


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