BP's net income reached $2.8 billion in the second quarter, exceeding a company-provided forecast of $2.46 billion on Tuesday. The company's second quarter income was $2.8 billion over the same period in 2018 and $2.4 billion in the first three months of 2019.
"At the midpoint of our five-year plan, BP is right on target,” Bob Dudley, group chief executive of BP said. "Reliable performance and disciplined growth across our businesses are delivering strong earnings, cash flow and returns to shareholders,” he added.
The company's reported oil and gas production for the second quarter averaged 3.8 million barrels a day of oil equivalent, while upstream production was 2% higher than a year earlier. The company maintained its quarterly dividend at 10.25 U.S. cents a share. BP said the Gulf of Mexico oil spill payments of $1.4 billion on a post-tax basis in the second quarter were primarily the scheduled annual payments.
(Anadolu Agency)
