BP p.l.c. (NYSE:BP) stock is trading lower on Tuesday after the energy major reported second-quarter results that surpassed Street estimates.
Chief Executive Officer Meg O’Neill noted weaker operational performance during the quarter, with upstream plant reliability declining to 92.4% from 95.7% in the first quarter of 2026.
Production and refinery throughput were impacted by planned maintenance and Middle East disruptions, highlighting the need for further improvements in operational consistency.
BP posted adjusted earnings of $2.22 per American depository share, significantly higher than 90 cents in the year-ago period.
Revenue increased to $69.1 billion from $46.63 billion a year earlier, surpassing analyst estimates of $63.6 billion.
