BP's second-quarter 2025 results showed strong operational and strategic performance, marked by significant exploration successes and solid financial returns to shareholders, despite facing challenges in specific segments like TravelCenters of America and impairments across the business.

Company Guidance -

Q3 2025

During BP's Second Quarter 2025 Results Call, significant metrics were shared regarding the company's operational and financial performance. BP reported a greater than 96% reliability across upstream and downstream operations. They have successfully brought five new major oil and gas projects on stream and made ten exploration discoveries, marking the best year for discoveries in recent memory. The company highlighted a 50% increase in underlying earnings in their customers' business compared to the previous year, with trading performing well despite challenging conditions. BP has completed or announced divestments amounting to approximately $3 billion and achieved around $1.7 billion in structural cost reductions since early 2024. A 4% increase in the dividend per ordinary share, reaching $0.0832, and a $750 million share buyback for the quarter were also announced. The call also discussed future plans, with an emphasis on digital and technology advancements, particularly in the upstream sector, and the company's strategic focus on disciplined capital allocation and competitive cost management to drive long-term shareholder value.

Strong Operational and Strategic Performance

BP delivered a strong quarter operationally and strategically with reliability across upstream and downstream greater than 96%. Brought 5 new major projects on stream, sanctioned 4 more, and made 10 exploration discoveries, marking the best year for discoveries in recent memory.

Significant Discovery in Brazil

BP made a significant discovery in the Bumerangue Block in Brazil, described as the largest discovery in 25 years. The structure is greater than 300 square kilometers with a 500-meter hydrocarbon column.

Upstream and Customer Business Growth

Underlying earnings in BP's customer business rose by around 50% compared to a year ago. Trading also performed well quarter-on-quarter despite challenging conditions.

Cost Reductions and Shareholder Returns

BP achieved $1.7 billion of structural cost reductions and announced a dividend per ordinary share increase of 4% and a $750 million share buyback for the second quarter.

Record Refining Availability

BP achieved 96.4% refining availability, the best quarter since 2006, supported by improved vulnerability management and digitization.

BP p.l.c. (GB:BP) Earnings, Revenues Date & History

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GB:BP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.10 / -	0.103	―	―	―
Aug 05, 2025	2025 (Q2)	0.11 / 0.11	0.124	-9.64% (-0.01)	―	―
Apr 29, 2025	2025 (Q1)	0.07 / 0.07	0.121	-45.68% (-0.06)	―	―
Feb 11, 2025	2024 (Q4)	0.06 / 0.06	0.132	-58.43% (-0.08)	―	―
Oct 29, 2024	2024 (Q3)	0.10 / 0.10	0.142	-27.23% (-0.04)	―	―
Jul 30, 2024	2024 (Q2)	0.11 / 0.12	0.11	12.16% (+0.01)	―	―
May 07, 2024	2024 (Q1)	0.13 / 0.12	0.206	-41.52% (-0.09)	―	―
Feb 06, 2024	2023 (Q4)	0.12 / 0.13	0.196	-32.58% (-0.06)	―	―
Oct 31, 2023	2023 (Q3)	0.17 / 0.14	0.321	-55.79% (-0.18)	―	―
Aug 01, 2023	2023 (Q2)	0.14 / 0.11	0.324	-66.06% (-0.21)	―	―

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

GB:BP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	406.05p	417.45p	+2.81%
Apr 29, 2025	356.39p	347.73p	-2.43%
Feb 11, 2025	451.84p	449.02p	-0.62%
Oct 29, 2024	381.37p	362.40p	-4.97%

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.