Business
2Q23 SEA part 1 of 1
2Q23 SEA part 1 of 1.
About this update from Bp Plc
[{"type":"text","content":"\n\nTop of page 1\n \n\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n \n\n\n\n\nLondon 1 August 2023\n\n\n\n\n\n\n\nBP p.l.c. Group results\n\n\n\n\nSecond quarter and first half 2023(a)\n\n\n\n\n \n \n\"For a printer friendly version of this announcement please click on the link below to open a PDF version of the announcement\"\nhttp://www.rns-pdf.londonstockexchange.com/rns/8128H_1-2023-7-31.pdf \n \n \n\n\n\n\nPerforming while transforming\n\n\n\n\n \n\n\n\n\nFinancial summary\n\n\n \n\n\nSecond\n\n\nFirst\n\n\nSecond\n\n\n \n\n\nFirst\n\n\nFirst\n\n\n\n\n \n\n\n \n\n\nquarter\n\n\nquarter\n\n\nquarter\n\n\n \n\n\nhalf\n\n\nhalf\n\n\n\n\n$ million\n\n\n \n\n\n2023\n\n\n2023\n\n\n2022\n\n\n \n\n\n2023\n\n\n2022\n\n\n\n\nProfit (loss) for the period attributable to bp shareholders\n\n\n \n\n\n1,792\n\n\n8,218\n\n\n9,257\n\n\n \n\n\n10,010\n\n\n(11,127)\n\n\n\n\nInventory holding (gains) losses*, net of tax\n\n\n \n\n\n549\n\n\n452\n\n\n(1,607)\n\n\n \n\n\n1,001\n\n\n(4,271)\n\n\n\n\nReplacement cost (RC) profit (loss)*\n\n\n \n\n\n2,341\n\n\n8,670\n\n\n7,650\n\n\n \n\n\n11,011\n\n\n(15,398)\n\n\n\n\nNet (favourable) adverse impact of adjusting items*, net of tax\n\n\n \n\n\n248\n\n\n(3,707)\n\n\n801\n\n\n \n\n\n(3,459)\n\n\n30,094\n\n\n\n\nUnderlying RC profit*\n\n\n \n\n\n2,589\n\n\n4,963\n\n\n8,451\n\n\n \n\n\n7,552\n\n\n14,696\n\n\n\n\nOperating cash flow*\n\n\n \n\n\n6,293\n\n\n7,622\n\n\n10,863\n\n\n \n\n\n13,915\n\n\n19,073\n\n\n\n\nCapital expenditure*\n\n\n \n\n\n(4,314)\n\n\n(3,625)\n\n\n(2,838)\n\n\n \n\n\n(7,939)\n\n\n(5,767)\n\n\n\n\nDivestment and other proceeds(b)\n\n\n \n\n\n88\n\n\n800\n\n\n722\n\n\n \n\n\n888\n\n\n1,903\n\n\n\n\nSurplus cash flow*\n\n\n \n\n\n(269)\n\n\n2,283\n\n\n6,546\n\n\n \n\n\n2,014\n\n\n10,584\n\n\n\n\nNet issue (repurchase) of shares\n\n\n \n\n\n(2,073)\n\n\n(2,448)\n\n\n(2,288)\n\n\n \n\n\n(4,521)\n\n\n(3,880)\n\n\n\n\nNet debt*(c)\n\n\n \n\n\n23,660\n\n\n21,232\n\n\n22,816\n\n\n \n\n\n23,660\n\n\n22,816\n\n\n\n\nAdjusted EBITDA*\n\n\n \n\n\n9,770\n\n\n13,066\n\n\n16,357\n\n\n \n\n\n22,836\n\n\n30,240\n\n\n\n\nAnnounced dividend per ordinary share (cents per share)\n\n\n \n\n\n7.270\n\n\n6.610\n\n\n6.0...