BP Doubles Replacement Profit in Q1 2026


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- BP reported on Tuesday (04/28) an underlying 
replacement cost profit of $3.2 billion for the first quarter, more than double 
year-on-year, driven by outsized crude prices.

The average realized price for natural gas under production was $5.05 per 
thousand cubic feet on the Henry Hub. In liquids, Brent averaged $81.13 bbl.   
Refining and trading operations reported $3.2 billion in underlying replacement 
cost profit before interest and tax for customers and products, compared to 
$677 million a year earlier. Refining availability was 96.3% in the first 
quarter versus 96.0% during the prior quarter. 

   BP's oil production & operations segment reported an underlying replacement 
cost profit of $2.0 billion for Q1 2026. While production remained steady in 
key areas like the Gulf of America, the overall profit for this specific 
segment was down compared to the $2.9 billion reported in Q1 2025.




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