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UPDATE: BP Posts Decline In Q2 Adjusted Profit

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BP plc (NYSE: BP) posted a loss in the second quarter.

BP posted a quarterly net loss of $1.4 billion pounds, versus a year-ago net profit of $5.7 billion.

Its revenue dropped 9% to $95 billion, while underlying replacement cost profit fell to $3.7 billion, from $5.7 billion.

BP's total oil and gas production fell 7.4% y/y to 2.275 million barrels of oil equivalent a day.

BP shares closed at $41.82 yesterday.

Posted-In: net lossEarnings News

 

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