BP Beats Forecasts with $2.21 Billion Profit, Keeps Buybacks Steady
BP reported a third-quarter underlying replacement cost (RC) profit of $2.21 billion, slightly ahead of analyst expectations of $2.02 billion, though marginally lower than the $2.27 billion posted in the same period last year.
The British oil and gas major kept its quarterly share buyback program unchanged at $750 million and reaffirmed its plan for asset disposals totaling about $5 billion in 2025.
Net profit reached $2.3 billion, compared to $2.35 billion in the previous quarter. The company’s operating cash flow rose to $7.8 billion, while adjusted EBITDA increased to $9.98 billion, up from $9.65 billion a year earlier — reflecting continued strength in its upstream and trading businesses.
BP CEO: “Solid Performance Across the Business”
BP Chief Executive Murray Auchincloss said the company delivered “another quarter of good performance,” with operations running efficiently across its energy portfolio.
“We’re accelerating the delivery of our plans, including a thorough review of our portfolio to simplify operations and improve cost performance and efficiency,” Auchincloss noted.
Debt Levels and Strategic Outlook
BP’s net debt stood at $26.05 billion at the end of the quarter, largely unchanged from the previous three months but slightly higher than $24.27 billion a year earlier.
The results come roughly eight months after BP began a major strategic reset designed to streamline its operations and boost shareholder returns amid a shifting global energy landscape.
Analysts expect BP to continue focusing on cost control, asset optimization, and consistent shareholder payouts to maintain momentum heading into 2026.
