BP expects Q2 reported upstream production to be ‘broadly flat’ vs. Q1

The company said, “Looking ahead, bp (BP) expects second quarter 2025 reported upstream* production to be broadly flat compared with the first-quarter 2025. In its customers business, bp expects seasonally higher volumes compared to the first quarter and fuels margins to remain sensitive to movements in the cost of supply. In products, bp expects a significantly higher level of planned refinery turnaround activity compared to the first quarter and refining margin environment to remain sensitive to the economic outlook.”