What is BP's forecast for its upstream production in Q2 2026, and how does it compare to Q1 2026?

BP forecasts its Q2 2026 upstream production to be between 2.17 million and 2.22 million barrels of oil equivalent per day, down from approximately 2.339 million barrels of oil equivalent per day reported in Q1 2026; this decline is attributed to seasonal maintenance and ongoing disruptions in the Middle East.

How does BP break down its Q2 2026 upstream production forecast between oil & gas and gas & low-carbon energy businesses?

BP expects its Q2 2026 upstream production to consist of 1.42–1.45 million barrels of oil equivalent per day from its oil & gas business and 0.75–0.77 million barrels of oil equivalent per day from its gas & low-carbon energy business.

BP Forecasts Q2 Upstream Production Decline

Jul 20, 2026

BP forecasts Q2 upstream production to drop to 2.17–2.22 million barrels of oil equivalent daily due to maintenance and Middle East disruptions. Refining volumes are also expected to decline amid higher planned outages.

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BP Forecasts Q2 Upstream Production Decline

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