Strong Operational Performance
BP achieved reliability across upstream and downstream operations greater than 96%. Year-to-date, they brought 5 new oil and gas major projects on stream and sanctioned 4 more, making 10 exploration discoveries, including significant finds in Brazil and Namibia.
Financial Growth
Underlying earnings in the customers' business increased by around 50% compared to the previous year. Additionally, BP has delivered $1.7 billion of structural cost reductions since early 2024.
Dividend and Share Buyback
BP announced a dividend per ordinary share of $0.0832, an increase of 4%, and a further $750 million share buyback for the second quarter.
Exploration Success
The year marked the best in a decade for exploration with 10 commercial discoveries. Notable discoveries include the Bumerangue Block in Brazil and the Capricornus well in Namibia.
Record Convenience and Mobility Performance
BP's M&C segment saw a 50% increase in profitability in H1 2025 versus H1 2024, marking the best second quarter since 2012.