India, July 11 -- Oil and gas company BP Plc (BP.L,BP_UN.TO,BP) announced that it expects second-quarter results will reflect post-tax adjusting items related to asset impairments, estimated to be in the range of $0.5 billion to $1.5 billion, with impacts spread across various segments.
The company now expects upstream production for the second quarter to be higher than the prior quarter, driven by increased output in oil production & operations-primarily from BPX Energy-and a slight rise in gas & low carbon energy. This update reflects a change from BP's April projection, which had forecast second-quarter upstream production to remain largely unchanged from the first quarter of 2025.
In the gas and low carbon energy segment, realizations...