  We compute the expectation value of the 1/2 BPS circular Wilson loop operator
in ABJ(M) theory at two loops in perturbation theory. Our result turns out to
be in exact agreement with the weak coupling limit of the prediction coming
from localization, including finite N contributions associated to non-planar
diagrams. It also confirms the identification of the correct framing factor
that connects framing-zero and framing-one expressions, previously proposed.
The evaluation of the 1/2 BPS operator is made technically difficult in
comparison with other observables of ABJ(M) theory by the appearance of
integrals involving the coupling between fermions and gauge fields, which are
absent for instance in the 1/6 BPS case. We describe in detail how to
analytically solve these integrals in dimensional regularization with
dimensional reduction (DRED). By suitably performing the physical limit to
three dimensions we clarify the role played by short distance divergences on
the final result and the mechanism of their cancellation.
