What is BP's expected oil trading result for the second quarter compared to the first quarter, and what factor is driving this performance?

BP expects its oil trading result to be 'slightly higher' in the second quarter compared with an 'exceptionally strong first quarter', driven by continued profits from a 'surge in oil prices caused by the Iran war'.

How does BP project its upstream production and net debt to change in the second quarter relative to the first quarter?

BP expects upstream production to fall in the second quarter to between 2.17 million and 2.22 million barrels of oil equivalent per day, down from around 2.34 million boed in the first quarter—partly due to the effects of the crisis—and forecasts net debt at the end of the second quarter to be in the range of $22 billion to $23 billion, lower than the previous quarter's $25.31 billion.

BP sees slightly higher second-quarter oil trading result

Jul 13, 2026

BP anticipates higher second-quarter oil trading profits amid rising prices linked to the Iran conflict, though upstream production is set to decline. The company also projects net debt to decrease to between $22 billion and $23 billion.

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BP sees slightly higher second-quarter oil trading result

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