BP's Q2 Profit Jumps to $5.7 Billion, Up 78% Despite $1 Billion in Impairments

BP reported Q2 2026 underlying replacement cost profit of $5.7 billion, up $2.5 billion from Q1's $3.2 billion, per results published August 4. The 78% sequential gain landed despite roughly $1 billion in impairments BP flagged in its July 14 trading statement. BP's results headline cites "a stronger financial performance and good progress strengthening bp's balance sheet."