BP Beats Q2 Earnings Estimates, Hikes Quarterly Dividend

For the second quarter, BP reported a total production of 1,481 thousand barrels of oil equivalent per day (Mboe/d), up from the 1,369 MBoe/d recorded in the year-ago quarter. The metric also beat our estimate of 1,354.5 MBoe/d. BP sold liquids at $73.01 per barrel in the second quarter, up from the $69.19 reported in the prior-year period. The reported figure lagged our estimate of $76.85. The company sold natural gas at $2.02 per thousand cubic feet, declining from the $3.23 reported in the yearago quarte ...