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BP (BP) operating margin by quarter

BP's operating margin was 11.3% in Q2 2026 (second quarter 2026), -2.8 pts from Q1 2026. Over the last 3 quarters it ranged from 11.3% (Q2 2026) to 14.1% (Q1 2026).

BP operating margin by quarterBP operating margin by quarter14.1%Q4 202514.1%Q1 202611.3%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 202611.3%-2.8 pts—
Q1 202614.1%+0.0 pts—
Q4 202514.1%——

Q2 2026 at a glance

BP, Q2 2026: revenue $69.1B (+48% year over year), operating margin 11.3%, net earnings $3.9B. The chart follows the revenue to costs, profit and cash.

Questions

What is BP's operating margin?

BP's operating margin was 11.3% in Q2 2026 (second quarter 2026), -2.8 pts from Q1 2026.

How has BP's operating margin changed?

Over the last 3 quarters it ranged from 11.3% (Q2 2026) to 14.1% (Q1 2026).

Q2 2026 results → · How BP makes money →