BP entered the second half of 2025 in good shape. Despite volatile oil and gas prices, the company has delivered a strong operational and financial performance. Key to these results was a combination of robust refinery margins, strong oil and gas trading and higher volumes in the upstream segment. In addition, improved efficiencies and a lower tax burden helped return the company to a growth trajectory, which management is accompanying with a 4% dividend increase and a new $750 million share repurchase.

Operationally, BP $BPremains very active. In the second quarter, it launched five new major oil and gas projects, approved four others, and announced ten discoveries, including a major discovery in Brazil's Bumerangue block. The company continues to strengthen its position in the low-carbon energy sector, while leveraging strong cash flow from traditional operations to drive shareholder returns. Halfway through the year, BP confirms that it can combine investment in the transition to…