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Benzinga
Benzinga
Business
Lekha Gupta

BP’s Q2 Profit Doubles Amid Middle East Conflict, but It Cuts Production, Capex Outlook

Tenerife,canary,Islands,spain,-,October,20,2023:,Bp,,British,Petroleum,Multinational,Oil

BP p.l.c. (NYSE:BP) stock is trading lower on Tuesday after the energy major reported second-quarter results that surpassed Street estimates.

Chief Executive Officer Meg O’Neill noted weaker operational performance during the quarter, with upstream plant reliability declining to 92.4% from 95.7% in the first quarter of 2026.

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