BP’s oil and gas production averaged 2.3 million barrels of oil equivalent per day (boed) in 2025, broadly flat year-on-year, supported by the startup of seven new projects, including in the Gulf of Mexico. Shell’s production gapIn many respects, BP is the mirror image of its larger British rival Shell. As a result, Shell’s oil and gas production fell 1% in 2025 to 2.8 million boed. Shell’s oil and gas reserves dropped to a record low 8.1 billion barrels in 2025, from 8.9 billion barrels in 2024. Shell’s production from its current portfolio could fall by as much as 800,000 boed over the next decade, based on Wood Mackenzie estimates.

Source: The Star February 11, 2026 22:12 UTC