Green Strategy U-turn
Search documents
Oil giant BP beats third-quarter profit expectations despite weaker crude prices
CNBC· 2025-11-04 07:05
The BP logo is displayed on a petrol tanker delivering fuel at a petrol station in Shepton Mallet on October 20, 2025 in Somerset, England.British oil giant BP on Tuesday reported stronger-than-expected third-quarter profit, citing progress on divestments and its cost-cutting program.The London-listed oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $2.21 billion for July-September period. That beat analyst expectations of $2.03 billion, according to an LSEG-co ...