Posted on Jul 30, 2019
BP has reported $2.8 billion (£2.3 billion) in second-quarter profit today (July 30th), unchanged from the previous year, held back by lower oil prices.
BP’s net income, exceeded a forecast of $2.46 billion according to a company-provided survey of analysts.
Second-quarter production rose to 3.8 million barrels of oil equivalent per day, 4% higher than a year earlier.
BP said it expects third-quarter 2019 reported production to be lower than second-quarter, reflecting maintenance activities as well as the impact of Hurricane Barry on operations in the US Gulf of Mexico.
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