BP earns $ 2.8 billion in the quarter and exceeds expectations

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — BP posted a $ 2.8 billion profit in the second quarter, unchanged from the same period last year, as it was hampered by falling oil prices.

Net profit exceeded expectations of $ 2.46 billion, according to a survey of analysts’ opinion by the company itself.

The second-quarter production rose to 3.8 million barrels of oil equivalent per day, up 4 percent from a year earlier.

BP said it expected production to fall in the third quarter of 2019 from the second quarter, due to maintenance and also the impact of hurricane Bari on operations in the Gulf of Mexico in the United States.


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