BP (BP) has released an update.
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BP p.l.c. has issued its second quarter trading statement for 2024, noting a broadly flat upstream production compared to the previous quarter and expecting mixed impacts on segment results, with favorable influences in oil operations but weaker outcomes in gas trading and lower refining margins. The company anticipates adverse adjusting items, including asset impairments, in the range of $1.0 – 2.0 billion, with final results due to be published on 30 July 2024. Moreover, BP highlighted an average Brent price increase and a decrease in US gas prices during the quarter.
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