Despite a drop in earnings from a year earlier, BP (NYSE: BP) beat the second-quarter profit estimates as its chief executive Murray Auchincloss said that the UK supermajor “can and will do better for its investors.” BP on Tuesday reported an underlying replacement cost profit – the closest metric to net profit – of $2.4 billion for the second quarter, down from $2.76 billion for the same period of 2024, but well ahead of a company-provided analyst consensus estimate of $1.82 billion. Compared to the underwhelming…
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