{"id":51133,"date":"2026-11-01T00:22:58","date_gmt":"2026-11-01T04:22:58","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2026\/11\/01\/bp-beats-q3-forecasts-with-record-8-46-billion-profit\/"},"modified":"2026-11-01T00:22:58","modified_gmt":"2026-11-01T04:22:58","slug":"bp-beats-q3-forecasts-with-record-8-46-billion-profit","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2026\/11\/01\/bp-beats-q3-forecasts-with-record-8-46-billion-profit\/","title":{"rendered":"BP beats Q3 forecasts with record $8.46 billion profit"},"content":{"rendered":"
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Updated \/ Friday, 30 Oct 2026 11:34 \t\t<\/span> <\/p>\n<\/p><\/div>\n

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Getty<\/p>\n<\/p><\/div>

BP posted Q3 underlying replacement cost profit – its version of net income – of $8.46 billion, which marked the highest quarterly net profit posted under its current version of the parameter<\/figcaption><\/figure>\n
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BP has today posted a record quarterly net profit, beating expectations as the Iran war boosted energy prices and refining margins, and said it would use the windfall to settle its remaining Deepwater Horizon liabilities.<\/p>\n

The results follow high earnings from Shell and TotalEnergies, which also beat quarterly profit expectations this week and chose to raise share buybacks with their cash.<\/p>\n

BP reported third-quarter underlying replacement cost profit – its version of net income – of $8.46 billion, compared with analysts’ expectations of $7.33 billion in a company-provided poll, and $2.2 billion a year earlier.<\/p>\n

That was the highest quarterly net profit posted under BP’s current version of the parameter.<\/p>\n

Operating cash flow came in at $14.8 billion, while net debt fell to $13.9 billion, allowing BP to reach its net debt target a year ahead of schedule.<\/p>\n

The milestone marks another step in BP’s turnaround after the company reset its strategy in 2025 following an ill-fated push into renewables.<\/p>\n

“This has generated a strong set of results, supported by the higher-price, higher-margin environment and some good progress on performance improvement across the business,” CEO Meg O’Neill said in a statement.<\/p>\n

“BP has continued its streak of beating expectations and demonstrating it is highly leveraged to the macro environment,” said RBC analyst Biraj Borkhataria in a note. “Operational indicators and controllables look strong.”<\/p>\n

Surplus cash from war<\/h3>\n

The US-Israeli war on Iran has driven up oil and fuel prices and boosted refining margins, prompting questions over how oil majors will deploy the additional cash generated by the sector.<\/p>\n

BP said it would use part of the surplus cash to settle its remaining liabilities from the 2010 Deepwater Horizon disaster, when a blow-out on the drilling rig over the BP-operated Macondo well in the Gulf of Mexico became one of the worst oil spills to date, killing 11 people.<\/p>\n

The 2010 Deepwater Horizon disaster in the Gulf of Mexico is one of the worst oil spills to date<\/figcaption><\/figure>\n

The company put aside $69 billion relating to the spill. Related payables and provisions still stand at $5.94 billion, according to the most recent BP data.<\/p>\n

All three of BP’s business units beat expectations. Its customer and products division delivered the strongest outperformance, reporting pretax profit of $6.95 billion, above analysts’ average estimate of $6.3 billion and up from $1.72 billion a year earlier.<\/p>\n

BP’s refining indicator margin rose to $46.7 per barrel in the quarter from $29.6 per barrel in the second quarter and $15.8 per barrel a year earlier. The firm also said it had a significantly higher gas marketing and trading result.<\/p>\n

The company recorded $4 billion of impairments this quarter linked largely to transition businesses. In recent months, BP wrote down over $5 billion, mainly related to Archaea, its solar unit Lightsource BP and other low-carbon ventures.<\/p>\n

The firm will hold a strategy update on December 15.<\/p>\n<\/section>\n

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More stories on<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Updated \/ Friday, 30 Oct 2026 11:34 Getty BP posted Q3 underlying replacement cost profit – its version of net income – of $8.46 billion, which marked the highest quarterly net profit posted under its current version of the parameter BP has today posted a record quarterly net profit, beating expectations as the Iran war […]<\/p>\n","protected":false},"author":1,"featured_media":51134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-51133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/51133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=51133"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/51133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/51134"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=51133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=51133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=51133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}