logo
Plus   Neg
Share
Email

BP Q2 RC Profit Edges Down, Sales Weak On Lower Oil Prices - Quick Facts

BP plc (BP.L,BP_UN.TO,BP) reported Tuesday that its second-quarter replacement cost profit or RC profit edged down to $1.775 billion from last year's $1.789 billion.

RC profit per ordinary share was 8.72 cents, down from 8.96 cents last year. RC profit per ADS was $0.52, compared to $0.54 a year ago.

Underlying RC profit was $2.81 billion, nearly same as last year's $2.82 billion. The latest results largely reflected continued good operating performance, offset by lower oil prices.

In the second quarter, profit attributable to BP shareholders fell to $1.82 billion from prior year's $2.80 billion.

Sales and other operating revenues declined to $72.68 billion from last year's $75.44 billion.

Reported oil and gas production for the quarter averaged 3.8 million barrels a day of oil equivalent, 4% higher than a year earlier.

Further, BP announced a quarterly dividend of 10.25 cents per ordinary share or $0.615 per ADS, which is expected to be paid on September 20.

The corresponding amount in sterling will be announced on September 10.

Looking ahead in the Upstream, the company expects third-quarter 2019 reported production to be lower sequentially, reflecting continued seasonal turnaround and maintenance activities.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dunkin' Brands Group said it is rolling out the Beyond Sausage Sandwich to more than 9,000 restaurants nationwide, starting November 6. The sandwich features a plant-based sausage patty from alternative meat maker Beyond Meat. Beyond Meat's breakfast sausage patty is made with plant-based protein and a mix of spices crafted specifically for Dunkin'. Boeing said it understands and regrets the concern caused by the publications of instant messages involving a former test pilot that he "unknowingly" lied to regulators about a flight-control system on the Boeing 737 Max aircraft. The aircraft maker said it especially regrets the difficulties that the release of the messages presented for the U.S. Federal Aviation Administration or FAA. Boeing said Sunday that it had informed the Federal Aviation Administration and international regulators on multiple occasions about the expanded role of the flight-control software in 737 MAX, which was linked to two fatal crashes that killed 346 people.
Follow RTT
>