bp has announced second quarter and first half 2022 results. Underlying replacement cost profit was $8.5 billion, compared with $6.2 billion for the previous quarter. Reported profit for the quarter was $9.3 billion, compared with a loss of $20.4 billion for the first quarter 2022.
BP has decided to raise its dividend and boost share buybacks after second-quarter profits hit a 14-year high due to higher refining margins and trading.
Petrobras has completed a successful DST on the 1-BRSA-1383A-RJS wildcat well in the Alto de Cabo Frio Central block in the pre-salt of the southern portion of the Campos Basin.