BP -4.4% premarket after its weaker-than-expected Q2 earnings are “a disappointing miss on a...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP -4.4% premarket after its weaker-than-expected Q2 earnings are “a disappointing miss on a number of fronts.” Despite talk last year that BP was turning a corner, its U.S. underlying upstream profit and oil production have declined Y/Y in every quarter since Deepwater Horizon, with no clear end in sight. Extensive turnaround and maintenance programs are expected to continue into Q3.