EnergyWatch

BP trumps analyst expectations despite huge impairment in Angola

The UK's largest company has taken a hit for a failed exploration venture in Angola, reveals the second quarter report. However, the period largely saw a boost for BP.

Photo: BP/PR

The world's third-largest listed oil company and the UK's largest company, BP, has exceeded analyst expectations in the second quarter as seen in its latest report.

BP delivered an underlying profit of USD 684 million while the company's share analysts had expected a USD 518 million result.

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