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BP Sees Q2 Production Up But Warns Of $0.1B–0.3B Gas And $0.6B–0.8B Oil Price Impact On Underlying Profit

Benzinga·07/11/2025 10:55:08
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  • Reported upstream productionb in the second quarter is now expected to be higher compared to the prior quarter, with production higher in oil production & operations, primarily in bpx energy, and slightly higher in gas & low carbon energy.
  • In the gas & low carbon energy segment, realizationsc, compared to the prior quarter, are expected to have an impact in the range of $(0.1) to (0.3) billion, including changes in non-Henry Hub natural gas marker prices. The gas marketing and trading result is expected to be average. 
  • In the oil production & operations segment, realizationsc, compared to the prior quarter, are expected to have an impact in the range of $(0.6) to (0.8) billion, including the production mix effects and the price lags on bp's production in the Gulf of America and the UAE.