BP reports strongest quarterly results since 2022

British company BP has achieved record quarterly profits since 2022, driven by rising oil and gas prices amid geopolitical tensions, especially due to the Iran crisis. The company has carried out a major restructuring by selling green assets worth $4 billion, including its biogas operations in the United States. Its profits for the second quarter surged by 144% year-on-year to $5.7 billion, surpassing analyst expectations and reaching the highest level since 2022, thanks to the increase in energy prices. As part of its reorganization of investments, BP announced the sale of assets in the North Sea and other business lines, aiming to reduce debt and increase focus on high-yield activities, while reaffirming that oil and gas remain a key part of the current energy mix.

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