BP Surpasses Third-Quarter Profit Forecasts Due to Increased Oil and Gas Output

Written by Emily J. Thompson, Senior Investment Analyst

Source: CNBC

Updated: Nov 04 2025

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Source: CNBC

Third-Quarter Profit Performance: BP reported a third-quarter underlying replacement cost profit of $2.21 billion, exceeding analyst expectations, despite a decline in oil trading results.
Strategic Focus and Share Buybacks: The company plans to accelerate its strategic initiatives, including a review of its portfolio and announced $750 million in share buybacks, while prioritizing traditional oil and gas operations over renewable investments.
Debt and Divestment Plans: BP's net debt remained stable at $26.05 billion, with plans to achieve $20 billion in divestments by 2027, including a recent $1.5 billion sale of minority stakes in U.S. pipeline assets.
Market Response and Competitor Performance: Investor sentiment has improved, with BP's shares up over 13% year-to-date, coinciding with a similar positive report from rival Shell regarding their third-quarter profits.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.