BP delivered a strong quarter with $2.21 billion in underlying RC profit and $1.16 billion in net income. Improved refining margins and production, along with disciplined capital allocation, supported profitability despite higher taxes.

BP delivered $47.68 billion in revenue and $1.63 billion in net income in Q2 2025. Operational reliability exceeded 96%, with notable upstream strength and progress in structural cost reductions. Shareholder returns were enhanced with a 4% dividend hike and a $750 million buyback.

BP posted stable results in Q1 2025, buoyed by oil and gas performance, though refining margins were weaker.

BP reported a net loss of $1.96 billion in Q4 2024, primarily due to lower refining margins, weaker fuel margins, and adverse fair value accounting effects. Revenue for the quarter was $45.75 billion, with underlying RC profit of $1.2 billion. The company announced a dividend of 8 cents per share and a $1.75 billion share buyback.