Daily Management Review

BP ends Q2 with the highest profit in 14 years


The second quarter's $8.45 billion profit for BP was a 14-year record.

Bill Harrison
Bill Harrison
The second quarter's $8.45 billion in earnings, the biggest in 14 years, were announced by BP. The company also increased its payout by 10% as a result of rising refining margins and energy prices.

BP's earnings excluding inventory costs changes were $8.45 billion in the second quarter, the highest level since 2008. Analysts expected an average of $6.8 billion, but the figure was far higher.

It was $2.8 billion in the second quarter of 2021 and $6.25 billion in the first three months of 2022.

source: ft.com