The Investor
28 Apr 2026, 20:10
BP plc reported strong first-quarter 2026 results, with underlying replacement cost profit rising to $3.2 billion, up from $1.5 billion in the previous quarter.
Reported profit reached $3.8 billion, supported by exceptional oil trading performance and stronger refining margins. Operating cash flow stood at $2.9 billion, while net debt increased to $25.3 billion due to a $6.0 billion working capital build.
Operationally, BP maintained high reliability levels across upstream and refining segments, with production remaining stable despite disruptions in the Middle East and asset divestments.
The company reaffirmed its strategy, including a quarterly dividend of 8.32 cents per share, ongoing cost reductions, and a 2026 capital expenditure plan of $13–13.5 billion.
Source: BP plc
Reported profit reached $3.8 billion, supported by exceptional oil trading performance and stronger refining margins. Operating cash flow stood at $2.9 billion, while net debt increased to $25.3 billion due to a $6.0 billion working capital build.
Operationally, BP maintained high reliability levels across upstream and refining segments, with production remaining stable despite disruptions in the Middle East and asset divestments.
The company reaffirmed its strategy, including a quarterly dividend of 8.32 cents per share, ongoing cost reductions, and a 2026 capital expenditure plan of $13–13.5 billion.
Source: BP plc