Core Insights - BP reported stronger-than-expected third-quarter profit, driven by divestments and cost-cutting efforts [1][2] - The underlying replacement cost profit for July-September was $2.21 billion, exceeding analyst expectations of $2.03 billion [2] - BP's net profit for the same period last year was $2.3 billion, and $2.35 billion in the previous quarter [2] Financial Performance - The third-quarter underlying replacement cost profit was $2.21 billion, surpassing the consensus estimate [2] - Year-on-year comparison shows a decrease from $2.3 billion in Q3 2024 and a slight decline from $2.35 billion in Q2 2025 [2] Strategic Moves - BP is focusing on regaining investor confidence by reducing renewable energy spending and emphasizing traditional oil and gas operations [3] - The company has announced a divestment of minority stakes in U.S. onshore pipeline assets for $1.5 billion, part of a broader $20 billion divestment target by 2027 [4] Market Reaction - Investor sentiment has improved, with BP's share prices increasing over 13% year-to-date, attributed to strategic changes and recent oil discoveries [3]