The BP logo is displayed connected a petrol tanker delivering substance astatine a petrol presumption successful Shepton Mallet connected October 20, 2025 successful Somerset, England.
Anna Barclay | Getty Images News | Getty Images
British lipid elephantine BP connected Tuesday reported stronger-than-expected third-quarter profit, citing advancement connected divestments and its cost-cutting program.
The London-listed lipid and state large posted underlying replacement outgo profit, utilized arsenic a proxy for nett profit, of $2.21 cardinal for July-September period. That bushed expert expectations of $2.03 billion, according to an LSEG-compiled consensus.
BP's third-quarter nett net came successful astatine $2.3 billion past twelvemonth and $2.35 billion successful the 2nd 4th of 2025.
The results travel conscionable implicit 8 months aft the institution launched a fundamental strategical reset.
BP, which has been the taxable of intense takeover speculation, is looking to regain capitalist assurance by slashing renewable spending and prioritizing its accepted lipid and state business.
Investors look to person broadly welcomed the lipid and state major's greenish strategy U-turn, with stock prices up much than 13% year-to-date. The improving sentiment has besides been attributed to the firm's leadership shake-up, advancement connected its cost-cutting programme and a string of caller lipid discoveries.
BP connected Monday announced it had agreed to merchantability number stakes successful immoderate of its U.S. onshore pipeline assets successful the Permian and Eagle Ford basins to backstage capitalist Sixth Street for $1.5 billion. BP has antecedently said it is targeting $20 cardinal successful divestments by the extremity of 2027.
Last week, British rival Shell reported stronger-than-expected third-quarter profit, citing robust operational show and higher trading contributions.
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