BP second quarter 2016 results
BP today reported that profit for the second quarter of 2016 was $720 million on an underlying replacement cost basis, compared with $532 million for the previous quarter and $1.3 billion for the second quarter of 2015. Underlying operating cash flow for the quarter – before pre-tax Gulf of Mexico payments – was $5.5 billion. This strong underlying cash flow resulted from continuing reliable operation of assets. ….