Lower oil and gas prices are expected to dent the second-quarter earnings at BP, despite higher output and stronger refining margins. BP’s realizations in the oil production and operations segment are expected to be $600 million-$800 million lower in the second quarter compared to the first quarter, the supermajor said in a trading statement on Friday ahead of publishing full Q2 results on August 5. Brent oil prices averaged $67.88 per barrel in the second quarter compared to $75.73 a barrel in the first quarter 2025, the company said. BP’s…
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