Strong Results, Growing Dividend, Executing Buybacks
FOR IMMEDIATE RELEASE London 3 August 2021 BP p.l.c. Group results Second quarter and half year 2021(a) Strong results, growing dividend, executing buybacks Financial summary Second First Second First First quarter quarter quarter half half $ million 2021 2021 2020 2021 2020 Profit (loss) for the period attributable to bp shareholders 3,116 4,667 (16,848) 7,783 (21,213) Inventory holding (gains) losses*, net of tax (736) (1,342) (809) (2,078) 2,928 Replacement cost (RC) profit (loss)* 2,380 3,325 (17,657) 5,705 (18,285) Net (favourable) adverse impact of adjusting items*(b), net of tax 418 (695) 10,975 (277) 12,394 Underlying RC profit (loss)* 2,798 2,630 (6,682) 5,428 (5,891) Operating cash flow* 5,411 6,109 3,737 11,520 4,689 Capital expenditure* (2,514) (3,798) (3,067) (6,312) (6,928) Divestment and other proceeds(c) 215 4,839 1,135 5,054 1,816 Net issue (repurchase) of shares (500) — — (500) (776) Net debt*(d) 32,706 33,313 40,920 32,706 40,920 Announced dividend per ordinary share (cents per share) 5.46 5.25 5.25 10.71 15.75 Underlying RC profit (loss) per ordinary share* (cents) 13.80 12.95 (33.05) 26.75 (29.17) Underlying RC profit (loss) per ADS* (dollars) 0.83 0.78 (1.98) 1.61 (1.75) • Strong results and • Growth of resilient • Executing $1.4 • Further strategic continued net debt dividend within billion buybacks progress with 4 reduction in an disciplined financial from first half 2021 major project start- improving frame surplus cash flow ups, growth in solar environment and convenience We are a year into executing bp's strategy to become an integrated energy company and are making good progress - delivering another quarter of strong performance while investing for the future in a disciplined way.
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