The call highlighted strong operational performance, significant exploration successes, and financial achievements such as increased earnings, divestments, cost reductions, and shareholder returns. However, challenges remain in specific segments, such as tight diesel margins and impairments in certain areas.

Company Guidance -

Q3 2025

In BP's Second Quarter 2025 Results Call, Murray Auchincloss highlighted several key metrics demonstrating the company's strong performance. Operational reliability was reported as greater than 96% across both upstream and downstream sectors. BP has brought five new major projects online and sanctioned four additional ones, while making ten exploration discoveries, marking their best year in recent memory. The discovery in Brazil's Bumerangue Block was particularly significant, though it raised some concern over CO2 content. Underlying earnings in the customers' business soared by approximately 50% year-over-year, despite challenging market conditions. BP has also completed or announced divestments valued at $3 billion for the year and achieved $1.7 billion in structural cost reductions since early 2024. Additionally, they declared a dividend increase of 4% to $0.0832 per share and announced a $750 million share buyback for the second quarter. The company remains committed to its 12-quarter strategic plan, aiming to further enhance operational efficiency and shareholder value.

Strong Upstream Performance

BP brought 5 new oil and gas major projects on stream and sanctioned 4 more, with 10 exploration discoveries, marking the best year for discoveries in recent memory.

Increase in Underlying Earnings

Underlying earnings in the customers' business increased by around 50% compared to a year ago.

Successful Divestments and Cost Reductions

Expected proceeds from completed or announced divestments have reached around $3 billion for the year, with structural cost reductions of around $1.7 billion since early 2024.

Dividend Increase and Share Buyback

BP announced a dividend per ordinary share of $0.0832, an increase of 4%, and a $750 million share buyback for the second quarter.

Record Refining Availability

Refining availability hit 96.4% for the quarter, the best since 2006.

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)	0.76 / -	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	$32.49	$33.60	+3.42%
Apr 29, 2025	$28.67	$27.63	-3.63%
Feb 11, 2025	$33.41	$33.54	+0.39%
Oct 29, 2024	$29.67	$28.05	-5.46%

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.