The reported profit missed forecasts but still allowed the company to increase its dividend by 10%.
The energy giant reported a $5 billion (£3.9bn) profit in the previous quarter.
bp said the profit decline was influenced by lower refining margins, increased turnaround and maintenance activity and a weak oil trading result.
Lower oil and gas realisations and a weaker gas marketing and trading result also contributed to the decrease.
Charlie Kronick, Senior Climate Advisor at Greenpeace UK, responded to the announcement by stating that bp’s posting of billions in profits while wildfires and floods devastate the world reveals who truly benefits from Rishi Sunak‘s climate policy u-turns.