Oil and gas giant BP reported a 6% in production in Q2 2014, following the end of its Abu Dhabi concession in January earlier this year. The company produced 2.1 million barrels of oil equivalent per day in the period and said that production in the third quarter was “expected to be lower due primarily to turnaround and seasonal maintenance activities”. BP said that underlying replacement cost profit, which takes into account non-operating items and accounting changes, rose 34 per cent in the period to US$3.6 billion, from $2.7bn in the year-earlier quarter. That beat the $3.4bn average estimate of 13 analysts in a Bloomberg News survey. The company also announced a quarterly dividend of 9.75 cents per ordinary share, the same as the previous quarter, but 8.3 per cent higher than a year earlier.