BP Q2 adjusted net profit $5.73B…highest in over 4 years

1. 1BP (BP) posted its strongest quarterly profit in over four years, driven by strong refining and trading results amid the Iran war.
2. 2Q2 adjusted net profit came in at $5.73 billion, more than double the year-ago period and above the analyst consensus estimate of $5.01 billion.
3. 3Middle East conflict-driven trade distortions and wider refining margins are fueling momentum behind a restructuring focused on cost cuts and asset sales.

Source Bloomberg +2 · View original ↗

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