1、Strong cash generation,growing distributionsFinancial summarySecondFirstSecondFirstFirstquarterquarterquarterhalfhalf$million20242024202320242023Profit(loss)for the period attributable to bp shareholders(129)2,263 1,792 2,134 10,010 Inventory holding(gains)losses*,net of tax 113 (657)549 (544)1,001

2、Replacement cost(RC)profit(loss)*(16)1,606 2,341 1,590 11,011 Net(favourable)adverse impact of adjusting items*,net of tax 2,772 1,117 248 3,889 (3,459)Underlying RC profit*2,756 2,723 2,589 5,479 7,552 Operating cash flow*8,100 5,009 6,293 13,109 13,915 Capital expenditure*(3,691)(4,278)(4,314)(7,9

3、69)(7,939)Divestment and other proceeds(b)760 413 88 1,173 888 Net issue(repurchase)of shares(1,751)(1,750)(2,073)(3,501)(4,521)Net debt*(c)22,614 24,015 23,660 22,614 23,660 Adjusted EBITDA*9,639 10,306 9,770 19,945 22,836 Announced dividend per ordinary share(cents per share)8.000 7.270 7.270 15.2

4、70 13.880 Underlying RC profit per ordinary share*(cents)16.61 16.24 14.77 32.86 42.65 Underlying RC profit per ADS*(dollars)1.00 0.97 0.89 1.97 2.56 HighlightsStrong operating cash flow and lower net debt:underlying RC profit$2.8 billion;strong operating cash flow of$8.1 billion;net debt reduced to

5、$22.6 billion.Robust operations:2Q24 bp-operated upstream plant reliability*96.1%;2Q24 bp-operated refining availability*96.4%.Growing shareholder distributions:Dividend per ordinary share of 8 cents;$1.75 billion share buyback announced for 2Q24,delivering on our commitment to announce$3.5 billion

6、for the first half of 2024;committed to announcing$3.5 billion share buyback for the second half of 2024.Six priorities in action:Advancing growth projects,taking FID on Kaskida in Gulf of Mexico;re-focusing bioenergy business with agreement to take full ownership of bp Bunge Bioenergia and high gra