Filing Flows › BP (BP) › Q2 2026 › vs Q1 2026
BP (BP) Q2 2026 vs Q1 2026 (quarter over quarter)
BP's revenue rose $16.9B (+32%) from $52.3B in Q1 2026 to $69.1B in Q2 2026. The biggest changes: Oil products +$13.7B (+46%); Natural gas, LNG and NGLs +$1.9B (+28%); Other operating revenues +$1.2B (+10%). Operating margin 11.3% against 14.1% (-2.8 pts).
BP, Q2 2026: revenue $69.1B (+48% year over year), operating margin 11.3%, net earnings $3.9B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.3% | 14.1% | -2.8 pts |
| Net margin | 5.7% | 7.4% | -1.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Oil products | $43.5B | $29.9B | $13.7B | +46% |
| Other operating revenues | $12.9B | $11.7B | $1.2B | +10% |
| Natural gas, LNG and NGLs | $8.5B | $6.6B | $1.9B | +28% |
| Non-oil products and other revenues from contracts with customers | $3.7B | $3.7B | $26.0M | +0.7% |
| Crude oil | $402M | $333M | $69.0M | +21% |
| Revenue | $69.1B | $52.3B | $16.9B | +32% |
| Operating profit | $7.8B | $7.4B | $456M | +6% |
| Costs & expenses | $61.3B | $44.9B | $16.4B | +37% |
| Pre-tax earnings | $7.8B | $7.4B | $456M | +6% |
| Net earnings | $3.9B | $3.8B | $69.0M | +2% |
| Minority interests | $419M | $370M | $49.0M | +13% |
| Income tax | $3.5B | $3.2B | $338M | +11% |
Questions
How much did BP's revenue grow quarter over quarter in Q2 2026?
BP's revenue rose $16.9B (+32%) from $52.3B in Q1 2026 to $69.1B in Q2 2026.
What drove BP's revenue change in Q2 2026?
Oil products +$13.7B (+46%); Natural gas, LNG and NGLs +$1.9B (+28%); Other operating revenues +$1.2B (+10%).