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Oil major BP posts second-quarter profit beat despite annual drop
CNBC· 2025-08-05 06:06
Group 1 - BP reported a stronger-than-expected second-quarter profit of $2.35 billion, surpassing analyst expectations of $1.81 billion [1] - The net profit for BP was $2.76 billion for the second quarter of the previous year and $1.38 billion for the first quarter of 2025 [2] - BP announced its largest oil and gas discovery in 25 years off the coast of Brazil, indicating a potential boost in its hydrocarbon operations [2] Group 2 - BP has been subject to takeover speculation, with rival Shell stating it has "no intention" of making an offer [3] - BP's shares have increased approximately 3.3% year-to-date [3]