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2017-05-02 16:05:00

BP'S PROFIT $1.5 BLN

BP'S PROFIT $1.5 BLN

BP - "Our year has started well. BP is focused on the disciplined delivery of our plans. First quarter earnings and cash flow were robust. We have shown continued operational momentum - it was another strong quarter for the Downstream and the first of our seven new Upstream major projects has started up, with a further three near completion. We expect these to drive a material improvement in operating cash flow from the second half" - Bob Dudley, group chief executive said.

BP FINANCIAL SUMMARY 1Q 2017

BP PROFIT LOSS 2016 - 2017

BP PROFIT ANALYSIS 2016 - 2017

BP PROFIT LOSS ANALYSIS 2016 - 2017

  • Underlying replacement cost profit for the first quarter was $1.5 billion.
  • First quarter operating cash flow, excluding payments related to the Gulf of Mexico oil spill*, of $4.4 billion. Including these payments, operating cash flow* was $2.1 billion.
  • Dividend unchanged at 10 cents per share. 
  • Reported oil and gas production was 3.5mmboe/d in the first quarter, 5% higher than same period in 2016.
  • New Upstream major projects* on track: Trinidad onshore compression project started up, another in ramp-up, and two more in commissioning.
  • Downstream marketing growth and strong operational performance. 
  • $1.7 billion divestment of BP’s interest in SECCO petrochemical joint venture, subject to regulatory approvals.

-----

Earlier: 

BP SELL REFINERIES 

BP'S GROWTH 

BP ENERGY OUTLOOK 2035 

BP LOSS $999 MLN 

BP: OIL DEMAND GROWS

 

 

 

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