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BP (BP/ LN) - Q2 Trading Statement: Upstream production is expected to be between 2,170-2,220mboepd (prev. 2,339mboepd Q/Q), due to seasonal maintenance predominantly in the Gulf of America and the effects of disruption in the Middle East

StockNow breaking-news AI analysis

BP expects lower Q2 production due to maintenance and Middle East disruptions, but anticipates a significant net debt reduction to USD 22-23 billion, signaling improved financial health.

News detail

Gas & low carbon energy is expected to be 750-770mboepd (prev. 798mboepd Q/Q).   Oil production & operations is expected to be 1,420-1,450mboepd (prev. 1,541mboepd). Net debt to be between USD 22-23bln (prev. USD 25.3bln Q/Q).

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