BP posts $2.3 billion profit in Q2

BP today announced quarterly profits that exceeded analysts’ expectations for the second quarter of 2025, driven by improved exploration and production performance and a decline in net debt, as the company continues its efforts to restore investor confidence.

The company reported quarterly profits, measured by replacement cost-based net profit (REP)—used as a proxy for net income—of $2.35 billion for the three months ending in June, exceeding analysts’ average forecast of $1.81 billion, according to data compiled by LSEG.

By comparison, BP reported net profits of $2.76 billion in the second quarter of 2024 and $1.38 billion in the first quarter of this year. The company announced an increase in its quarterly dividend to 8.32 cents per share, compared to 8 cents in the previous quarter, and confirmed that its share repurchase program will continue at the same pace of $750 million during the second quarter.