The BP brand is displayed on a petroleum tanker delivering gasoline at a petroleum station in Shepton Mallet on October 20, 2025 in Somerset, England.
Anna Barclay | Getty Photos Information | Getty Photos
British oil big BP on Tuesday reported stronger-than-expected third-quarter revenue as increased crude and gasoline manufacturing outweighed a weak oil buying and selling end result.
The London-listed oil and gasoline main posted underlying alternative price revenue, used as a proxy for internet revenue, of $2.21 billion for July-September interval. That beat analyst expectations of $2.03 billion, in accordance with an LSEG-compiled consensus.
BP’s third-quarter internet revenue got here in at $2.3 billion final yr and $2.35 billion within the second quarter of 2025.
“We have delivered one other quarter of excellent efficiency throughout the enterprise with operations persevering with to run effectively,” BP CEO Murray Auchincloss stated in an announcement.
“We wish to speed up supply of our plans, together with endeavor a radical evaluate of our portfolio to drive simplification and concentrating on additional enhancements in price efficiency and effectivity,” Auchincloss stated.
The oil main’s third-quarter internet debt got here in at $26.05 billion, broadly flat from the earlier quarter, though up from $24.27 billion a yr earlier.
London-listed shares of BP rose 0.5% on Tuesday morning.
Another third-quarter highlights included:
- Working money circulation got here in at $7.8 billion, up from $6.3 billion three months in the past.
- BP stated it expects divestment and different proceeds to be above $4 billion in 2025.
BP additionally introduced one other $750 million in share buybacks over the subsequent three months, sustaining the tempo of its shareholder returns, albeit at a lowered stage from earlier within the yr.
The outcomes come simply over eight months after the corporate launched a elementary strategic reset.
BP, which has been the topic of intense takeover hypothesis, is seeking to regain investor confidence by slashing renewable spending and prioritizing its conventional oil and gasoline enterprise.
Traders seem to have broadly welcomed the oil and gasoline main’s inexperienced technique U-turn, with share costs up greater than 13% year-to-date. The enhancing sentiment has additionally been attributed to the agency’s management shake-up, progress on its cost-cutting program and a string of current oil discoveries.
BP on Monday introduced it had agreed to promote minority stakes in a few of its U.S. onshore pipeline property within the Permian and Eagle Ford basins to non-public investor Sixth Avenue for $1.5 billion. BP has beforehand stated it’s concentrating on $20 billion in divestments by the tip of 2027.
Final week, British rival Shell reported stronger-than-expected third-quarter revenue, citing sturdy operational efficiency and better buying and selling contributions.
