No significant news for BP in the past two years. BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage...
How much oil does BP have in 2022?
At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.
Why did BP's second-quarter earnings fall?
BP's second-quarter earnings fell from the year before, as well as falling short of market expectations on lower oil and gas prices, narrower refining margins, and mixed trading results.
