据世界石油7月30日伦敦(彭博社)报道，因更高的产量抵消了能源价格下跌的影响，英国石油克服了石油和天然气收益令人失望的趋势，打破了预期，增加了现金流。

该公司的业绩表明，到目前为止，该公司第二季度的业绩结果逊于预期。虽然公司在削减成本后的利润比目前的100美元/桶原油要高，但最近几个月来，受天然气价格下跌所困。尽管总产量上升，但道达尔、埃尼和Equinor的业绩均低于分析师预期。

首席财务官布赖恩·吉尔法利在接受采访时表示，我们所拥有的是上游和下游的稳健表现。在过去的几年里，“我们有四个我称之为强有力的季度。一切都进行得很顺利。“

据彭博社(Bloomberg)编制的数据显示，总部位于伦敦的英国石油表示，第二季度调整后的净利润为28.1亿美元，而去年同期为23.6亿美元。这甚至超过了分析师的最高预期，这意味着该公司在过去10个季度中，除了一个季度外，都超过了预期。

英国石油公司的分析师艾哈迈德·本·萨利姆（Ahmed Ben Salem）通过电话表示，英国石油公司本季度出现了最大惊喜之一。尽管下游的预期低于预期，但现金流量的增长是强劲的，交易结果是积极的。

伦敦股市上涨3.4%，至545便士，为6个月来最大涨幅。

今年4月，英国石油公司向必拓必集团有限公司购买美国页岩油气田支付了最后的现金分期付款。这些资产有助于提振产量，该季度增长3.4％至379万桶。这一数字包括俄罗斯石油公司(Rosneft)的贡献。英国石油公司持有俄罗斯石油公司近20%的股份。该公司表示，由于北海、安哥拉和墨西哥湾的季节性维修活动，预计第三季度的产量将有所下降。

不包括墨西哥湾漏油付款在内的运营现金流-衡量必和必拓交易是否有回报的另一个关键指标-较上年同期增长17%，至82亿美元。除了支付美国油田之外，英国石油公司还支付了与2010年深水地平线灾难相关的约14亿美元的罚款。

吉尔维里表示，这种支出将衡量公司债务的指标推高至少十年来的最高水平。负债比率为31%，连续第三个季度超过30%。英国石油公司今年将出售40亿至50亿美元资产，这是计划到2020年完成100亿美元资产剥离计划的一部分，并将收益用于减少资产负债。

英国石油(BP)炼油、营销和化工部门调整后的利润同比下降21%，至13.7亿美元，原因是维修停产率大幅上升，利润率下降，北美重油利差减弱。该公司表示，供应和交易贡献更大，部分抵消了这一影响。

英国石油公司表示，不仅预计第三季度的维护水平将有所下降，而且也预计炼油利润率将有所下降。

郝芬 译自 世界石油

原文如下：

BP beats earnings expectations as output rises

BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.

The company’s performance brightens what has so far been a weaker-than-expected second quarter for the majors. While companies are more profitable today than they were at $100/bbl crude after slashing costs, they were caught in recent months by falling natural gas prices. Total, Eni and Equinor all fell short of analysts’ estimates even as their output rose.

“What we have is solid performance in both upstream and downstream,” CFO Brian Gilvary said in an interview. In the last couple of years “we’ve had four of what I would call strong quarters. Everything is going well across the piece.”

London-based BP said adjusted net income was $2.81 billion in the second quarter, compared with $2.36 billion a year earlier. That exceeded even the highest analyst estimate, meaning the company has surpassed expectations in all but one of the previous ten quarters, according to data compiled by Bloomberg.

“BP showed one of the best surprises of this quarter,” Ahmed Ben Salem, an analyst at Oddo BHF, said by phone. “Cash flow generation is robust” and trading results were positive, although downstream came in below expectations, he said.

Shares of the company rose 3.4% to 545 pence in London, the biggest increase in about six months.

In April, BP paid the final cash installment for its purchase of U.S. shale oil and gas fields from BHP Group Ltd. Those assets helped boost output, which rose 3.4% to 3.79 MMboed in the quarter. That figure includes the contribution of Rosneft, the Russian oil company in which BP owns a nearly 20% stake. The company said it expects third-quarter production to be lower due to seasonal maintenance activities in the North Sea, Angola and the Gulf of Mexico.

Cash flow from operations excluding payments related to the Gulf of Mexico oil spill -- another key measure of whether the BHP deal is paying off -- rose 17% from a year earlier to $8.2 billion. On top of the payment for the U.S. fields, BP also paid about $1.4 billion in penalties associated with the 2010 Deepwater Horizon catastrophe.

That spending pushed a measure of company’s debt to the highest in at least a decade. Gearing, the ratio of debt to equity, was 31%, the third-straight quarter above 30%. BP will sell $4 billion to $5 billion of assets this year, part of a plan to complete $10 billion in divestments by 2020 and use the proceeds to reduce gearing, Gilvary said.

Adjusted profit in BP’s refining, marketing and chemicals division was down 21% from a year earlier to $1.37 billion due to significantly higher maintenance shutdowns, lower margins and weaker North American heavy crude differentials. That was partially offset by a stronger contribution from supply and trading, the company said.

BP said it expects a lower level of maintenance in the third quarter, but also predicted lower refining margins.