Bharat Petroleum reports record $1.6bn profit, outlines green targets

Bharat Petroleum Corporation Limited reported a standalone net profit of ₹13,275 crore ($1.6 billion), the highest among state oil marketing companies, with record crude throughput of 40.5 MMT and market sales of 52.4 MMT.

The company recommended a final dividend of ₹5 per share, bringing total dividend to ₹10 per share.

BPCL committed to net zero scope 1 and 2 emissions by 2040 and aims for 10 GW renewable energy capacity by 2035. Capital expenditure jumped 45% to ₹16,967 crore, including a ₹14,200 crore Mumbai Refinery upgrade.