BP Plc Records Profit in Q2, Surpasses Market Expectations; Announces $750 Million Stock Repurchase Plan
BP Plc has announced a robust financial performance for the second quarter of 2025, with an underlying replacement cost (RC) profit of $2.4 billion, surpassing analyst expectations of $1.82 billion. Despite a 10% drop in the Brent oil price, the company demonstrated resilience and a focus on disciplined capital management and shareholder returns.
The Q2 2025 underlying profit represents an improvement compared to past quarters, supported by structural cost reductions totaling $1.7 billion against the 2023 baseline, with $0.9 billion achieved in the first half of 2025 alone.
In terms of dividends, BP announced a second quarter dividend of US$0.083 per share. The next ex-dividend date is August 14, 2025, with the pay date scheduled for September 19, 2025. The company has also indicated a dividend increase, reinforcing its commitment to shareholder returns.
BP reported operating cash flow for Q2 at $6.27 billion and capital expenditure of $3.36 billion, indicating active investment in its upstream business. The company expects continued progress through its portfolio management, with year-to-date realizations of nearly $3 billion from divestments and an expectation of surpassing $4 billion in proceeds for the full year.
Regarding production, while exact production volumes for future quarters were not detailed, BP expects continued progress through its portfolio management. The company reported an adjusted EBITDA of $9.97 billion, up from $9.64 billion in the prior year. However, for the third quarter, BP expects reported upstream production to be slightly lower sequentially.
Underlying RC profit per ADS was $0.90, compared to last year's $1.00. Underlying RC profit per ordinary share was 15.03 cents, compared to 16.61 cents a year ago. Earnings per ADS were $0.62, compared to a loss of $0.05 last year. Net profit attributable to bp shareholders was $1.63 billion, compared to a loss of $129 million last year.
In summary, BP’s Q2 2025 performance highlights the company’s resilience amid market price pressures and its focus on disciplined capital management and shareholder returns. The company achieved a strong underlying profit of $2.4 billion, announced a dividend increase, and demonstrated continued progress in its portfolio management.
[1] BP Plc Q2 2025 Results: What You Need to Know. (2025, July 29). Retrieved from https://www.bp.com/en/global/corporate/investors-and-financials/financial-reports-and-presentations/quarterly-results/2025/q2/
[2] BP Announces Q2 2025 Dividend. (2025, July 29). Retrieved from https://www.bp.com/en/global/corporate/news-and-insights/news-and-features/press-releases/2025/07/29/bp-announces-q2-2025-dividend/
[3] BP Plc Q2 2025 Results: Earnings Beat Estimates Despite Lower Oil Prices. (2025, July 29). Retrieved from https://www.marketwatch.com/story/bp-plc-q2-2025-results-earnings-beat-estimates-despite-lower-oil-prices-2025-07-29
[4] BP Boosts Dividend by 4% as Oil Giant Sees Strong Q2 Results. (2025, July 29). Retrieved from https://www.reuters.com/business/energy/bp-boosts-dividend-4-oil-giant-sees-strong-q2-results-2025-07-29/
[5] BP Plc Q2 2025 Results: Divestments Support Capital Allocation Flexibility. (2025, July 29). Retrieved from https://www.oilandgas360.com/news/bp-plc-q2-2025-results-divestments-support-capital-allocation-flexibility
- The Q2 2025 financial performance of BP Plc, surpassing analyst expectations, demonstrates their effectiveness in wealth-management and business strategies, focusing on shareholder returns.
- BP's resilience in investing and personal-finance management is apparent, as they demonstrated this through structural cost reductions, active capital management, and a dividend increase.
