BP Profit Rises to $5.73B
BP's Q2 profit rises to $5.73 billion
BP PROFIT RISES TO $5.73B AS FOSSIL-FUEL PIVOT ACCELERATES BP's underlying replacement-cost profit rose to $5.73 billion in Q2 from $3.2 billion in Q1, supported by higher oil prices, stronger refining margins and another strong quarter from its oil-trading operation.
The company is now putting its U.S. biogas business Archaea up for sale, less than four years after acquiring it for $4.1 billion.
BP also recently began a sale process for its North Sea oil and gas operations, which has already attracted interest from several potential buyers.