In 2Q25, BP's revenue declined by 1.4% y/y to $46.62 billion. However, net income grew by 26.5x, and net income margin improved to 4.14%. BP will deprioritize investments in renewables and focus on ...
Downgrading BP to Hold as energy markets are well-supplied, oil prices are likely to trend lower, and refining margins remain weak. BP's earnings and revenue growth have stalled since 2023, and the ...