BP announced underlying replacement cost profit, its preferred reporting metric that is similar to net income, was $2.8 billion in Q2, flat YOY. Underlying RC upstream profit in Q2 was $3.4 billion, down 3% YOY, but the company reported generally solid performance, with 4% higher production YOY at 3.8 MMboe/d and four new startups this year, including Culzean in the North Sea. Operating cash flow, excluding Gulf of Mexico oil spill payments, was $8.2......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.