BP said on Tuesday it expects second-quarter oil trading results to be slightly better than January–March, while Q2 upstream production is forecast at 2.17–2.22 mln boe/d versus 2.34 mln boe/d in Q1. The company cited seasonal maintenance and Middle East disruptions amid the Iran conflict as drivers of the decline and said it is managing the resulting market volatility.

2026-07-14

BP said on Tuesday it expects second-quarter oil trading results to be slightly better than January–March, while Q2 upstream production is forecast at 2.17–2.22 mln boe/d versus 2.34 mln boe/d in Q1. The company cited seasonal maintenance and Middle East disruptions amid the Iran conflict as drivers of the decline and said it is managing the resulting market volatility.