BP recently disclosed a notable decrease in quarterly profits by 45%, amounting to $2.7 billion. Despite the decline, the company stayed committed to its share buyback program, aiming to repurchase $3.5 billion of shares in the first half of the year. The quarterly results of BP contrasted with those of other Big Oil companies, where Shell Plc, TotalEnergies SE, and Chevron Corp. exceeded expectations, while Exxon Mobil Corp. fell short. The company's operating cash flow dropped to just over $5 billion, the lowest since late 2020, falling short of the analyst consensus of $6.72 billion. Net-debt also surged by over $3 billion to $24.02 billion by the end of the quarter. Despite challenges in financial metrics, particularly due to a significant build in working capital, BP managed to align its cash flow with expectations after accounting for these factors.