BP had a strong quarter marked by significant exploration successes and operational reliability. Financial achievements, including increased earnings and dividends, were noteworthy. However, challenges remain in the TravelCenters of America segment and with impairments across various projects. Overall, the positive aspects of BP's performance outweigh the lowlights, leading to a favorable outlook.

Company Guidance

During BP's Second Quarter 2025 Results Call, the company reported strong operational and strategic performance, emphasizing key metrics such as a 96% reliability rate across upstream and downstream operations. Year-to-date, BP has brought five new oil and gas major projects online, sanctioned four additional ones, and made ten exploration discoveries, marking the best year for discoveries in recent memory. A significant discovery was made in the Bumerangue Block in Brazil. Underlying earnings in the customer business increased by approximately 50% compared to the previous year. Trading delivered strong results quarter-on-quarter despite challenging conditions. Proceeds from completed or announced divestments reached around $3 billion, and structural cost reductions totaled $1.7 billion since early 2024. The company announced a 4% increase in dividends per ordinary share to $0.0832 and a $750 million share buyback for the second quarter. BP is two quarters into a 12-quarter plan, with continued focus on digital technology, portfolio optimization, and cost management to drive long-term shareholder value.

Strong Operational and Strategic Performance

BP delivered a robust second quarter with operational reliability greater than 96% in both upstream and downstream segments. The company brought five new oil and gas projects on stream year-to-date and made 10 exploration discoveries, marking the best year for discoveries in recent memory.

Significant Exploration Success

BP announced a major discovery in the Bumerangue Block in Brazil, which is the largest discovery in 25 years. The company is optimistic about handling elevated CO2 levels and expects to move at pace with the appraisal program.

Financial Achievements

Underlying earnings in the customer business rose by approximately 50% compared to the previous year. BP announced a 4% increase in the dividend per ordinary share and a $750 million share buyback for the second quarter.

Cost Reduction Progress

BP has achieved approximately $1.7 billion in structural cost reductions since early 2024 and expects to continue this trend with further cost reviews and the implementation of AI and digital technologies.

Record Performance in Convenience and Mobility

The Convenience and Mobility segment reported its best quarter on record since 2012, with strong performance across various regions and segments, including aviation and Castrol.

BP (BP) Earnings, Revenues Date & History

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BP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.73 / -	0.833	―	―	―
Aug 05, 2025	2025 (Q2)	0.90 / 0.90	0.997	-9.53% (-0.09)
Apr 29, 2025	2025 (Q1)	0.55 / 0.53	0.974	-46.10% (-0.45)
Feb 11, 2025	2024 (Q4)	0.46 / 0.44	1.066	-58.54% (-0.62)
Oct 29, 2024	2024 (Q3)	0.80 / 0.83	1.148	-27.44% (-0.31)
Jul 30, 2024	2024 (Q2)	0.92 / 1.00	0.886	12.53% (+0.11)
May 07, 2024	2024 (Q1)	1.02 / 0.97	1.664	-41.47% (-0.69)
Feb 06, 2024	2023 (Q4)	0.96 / 1.07	1.586	-32.79% (-0.52)
Oct 31, 2023	2023 (Q3)	1.40 / 1.15	2.589	-55.66% (-1.44)
Aug 01, 2023	2023 (Q2)	1.15 / 0.89	2.615	-66.12% (-1.73)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$32.03	$33.12	+3.40%
Apr 29, 2025	$28.26	$27.23	-3.64%
Feb 11, 2025	$32.94	$33.06	+0.36%
Oct 29, 2024	$29.24	$27.65	-5.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.