BP plc Group Results Q2 and H1 2019

Highlights Midway through 5-year plan, continuing to deliver strong performance and strategic progress •   Strong financial results – Underlying replacement cost profit for the second quarter of 2019 was $2.8 billion, similar to a year earlier. The quarter’s result largely reflected continued good operating performance, offset by oil prices lower than in the second quarter of 2018. – Non-operating items in the …

BP Plc Strong earnings driven by high reliability and major project delivery

BP Plc (LON:BP.), today announced the results for the 3Q and nine months 2018.

Highlights

– Underlying replacement cost profit for the third quarter of 2018 was $3.8 billion, more than double a year earlier and the highest quarterly result in more than five years, including significant earnings growth from the Upstream and Rosneft.

– Operating cash flow excluding Gulf of Mexico oil spill payments for the quarter was $6.6 billion, including a $0.7 billion working capital build (after adjusting for inventory holding gains).

– Gulf of Mexico oil spill payments in the quarter were $0.5 billion on a post-tax basis.

– Dividend of 10.25 cents a share for the third quarter, 2.5% higher than a year earlier.

• Strong operating performance:

– Very good reliability, with the highest quarterly refining availability for 15 years and BP-operated Upstream plant reliability of 95%.

– Reported oil and gas production was 3.6 million barrels of o

BP plc continue to make steady progress

BP plc (LON:BP.), today announced second quarter and half year 2018 results. Highlights Strong earnings, strategic momentum, increased dividend • Underlying replacement cost profit* for the second quarter of 2018 was $2.8 billion – four times that reported for the same period in 2017 – including significantly higher earnings from the Upstream and Rosneft. • Operating cash flow excluding Gulf …

BP PLC acquiring world-class unconventional assets from BHP

BP PLC (LON:BP.) transforms its US onshore oil and gas business, acquiring world-class unconventional assets from BHP · Upgrades and repositions BP’s US onshore business – Brings advantaged oil and gas assets in world-class basins – Adds 190,000 boe/d production and 4.6 billion boe discovered resources – Boosts liquids share of BP’s US onshore production and resources – Offers growth …

BP PLC in Agreement with ConocoPhillips

BP PLC (LON:BP.) today announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska. BP has entered into an agreement to purchase from ConocoPhillips a 16.5% …