BP Q2 Profit Beats Expectations, Raises Dividend; Says Initiating Further Cost Review
Aug 5 (Reuters) - BP BP.L:
BP PLC - 2Q25 SEA
BP Q2 NET INCOME USD 1,629 MILLION
BP Q2 OPERATING CASH FLOW USD 6,271 MILLION
BP Q2 NET DEBT USD 26,043 MILLION
BP Q2 DIVIDEND USD 0.0832
BP Q2 ADJUSTED NET INCOME USD 2,353 MILLION VS. IBES ESTIMATE USD 1,811 MILLION
BP: 2Q25 DIVIDEND PER ORDINARY SHARE OF 8.32 CENTS; IN ADDITION, ANNOUNCED $750 MILLION SHARE BUYBACK FOR 2Q25
BP: ANNOUNCED $750 MILLION SHARE BUYBACK FOR 2Q25
BP: $0.9BN 1H25 STRUCTURAL COST REDUCTIONS
BP: EXPECTED PROCEEDS FROM COMPLETED OR ANNOUNCED DIVESTMENTS HAVE REACHED AROUND $3 BILLION FOR YEAR
BP: DELIVERED AROUND $1.7 BILLION OF STRUCTURAL COST REDUCTIONS SINCE START OF OUR PROGRAMME
BP: INITIATING A FURTHER COST REVIEW
BP: A DIVIDEND PER ORDINARY SHARE OF 8.32 CENTS, AN INCREASE OF 4%, AND A FURTHER $750 MILLION SHARE BUYBACK FOR Q2
BP: HAVE AGREED THAT WE WILL CONDUCT A THOROUGH REVIEW OF OUR PORTFOLIO OF BUSINESSES
BP: EXPECTS Q3 2025 REPORTED UPSTREAM PRODUCTION TO BE SLIGHTLY LOWER COMPARED WITH Q2 2025
BP: EXPECT TOTAL SHAREHOLDER DISTRIBUTIONS OF 30-40% OF OPERATING CASH FLOW, OVER TIME
BP: EXPECTS 3Q SEASONALLY HIGHER VOLUMES COMPARED TO Q2
BP: CONTINUE TO EXPECT CAPITAL EXPENDITURE TO BE AROUND $14.5 BILLION IN 2025
BP: CAPITAL FRAME OF AROUND $13-15 BILLION FOR 2026 AND 2027 REMAINS UNCHANGED
BP: BP EXPECTS, 3Q SIGNIFICANTLY LOWER LEVEL OF PLANNED REFINERY TURNAROUND ACTIVITY COMPARED TO Q2
BP: BP EXPECTS INCOME TAXES PAID IN Q3 TO BE AROUND $1 BILLION HIGHER THAN Q2 2025
