BP PLC (NYSE:BP) shares are trading higher after the company reported second-quarter FY24 results. Sales and other operating revenues came in at $47.299 billion, missing the consensus of $52.925 billion. Hydrocarbon production was 899 mboe/d (-0.5% Y/Y), with underlying production rising 0.4% Y/Y mainly due to ramp-up of major projects, partly offset by base decline. The Renewables pipeline stood at 59.0GW (bp net), including a 21.1GW bp net share from Lightsource bp’s (LSbp’s) pipeline in the quarter.  Adjusted EBITDA declined to $9.64 billion from $9.77 billion a year ago. Underlying RC profit per American Depositary Share (ADS) came in at $1.00, beating the consensus of $0.92.  Operating cash flow was $8.10 billion, compared to $6.29 billion in the prior-year quarter. Capital expenditure was $3.69 billion versus $4.31 billion a year ago. Net debt fell to $22.61 billion from $23.66 billion a year ago. Chief executive officer Murray Auchincloss said, “We are driving focus across the business and reducing costs, all while ...