The company attributed this outcome partly to improved performance at its production units.
Gross profit reached $9.249 billion (€8.024 billion), compared to $7.285 billion (€6.285 billion) the previous year, while operating profit stood at $12.903 billion (€11.193 billion), also surpassing the $10.554 billion (€9.155 billion) during the same period in 2024, the company reported in a statement to the London Stock Exchange.
In the third quarter alone, net profit hit $1.16 billion (€1.006 billion), five times the $206 million (€178.6 million) recorded in the same period last year.
Total revenue slightly decreased from January to September, reaching $144.807 billion (€125.613 billion), compared to $146.541 billion (€127.126 billion) the previous year, a decline of 1.9%.
According to the earnings report, total operating cash flow amounted to $7.800 billion (€6.767 billion) in the third quarter, with strong performance across all divisions contributing to robust cash generation over the first nine months.
Net debt stood at $26.054 billion (€22.601 billion) at the end of September, virtually unchanged from the April to June quarter, despite a $1.200 billion (€1.040 billion) reduction in hybrid securities, which did not significantly alter the overall debt level.
BP anticipates fourth-quarter production, from October to December, to remain “broadly stable” compared to the third quarter, with “a slight increase in oil and a slight decrease in gas and low-carbon energy.”
For the year as a whole, the company projects production akin to 2024, with revenues bolstered by structural cost reductions and contributions from the biofuels division.
The CEO highlighted that the company, which in February 2025 decided to significantly reduce its renewable energy investments to focus on oil and gas production, “experienced another strong quarter across all business areas.”
Murray Auchincloss noted that BP “is making progress on cost reductions, strengthening the balance sheet, and increasing cash flow and returns,” underscoring that “BP can and will do better for its investors.”
