BP achieved a profit of 2.21 billion dollars in the third quarter.

BP's Third Quarter Performance Exceeds Expectations

The UK-based oil giant BP announced its financial results for the June-September period of 2025.

The company achieved a net profit of 2.21 billion dollars during this period. Market analysts had predicted BP's profit to be 2.03 billion dollars, so the results exceeded expectations.

Annual Decline Trends in Profit

BP's profit for the third quarter of 2025 decreased by 2.5% compared to the same quarter of the previous year and 6% compared to the second quarter of 2025. However, the company's profitability was positively affected by lower refinery maintenance costs, strong refining margins, and high production levels.

Challenges and Opportunities

Nevertheless, weak oil trading, seasonal effects of environmental compliance costs, and rising other expenses had a balancing effect on profit.

BP Chief Executive Murray Auchincloss emphasized progress in reducing costs, enhancing balance sheet strength, and increasing cash flow in the assessment of the results. He also noted that asset divestitures completed or announced this year are expected to total 5 billion dollars.

In a statement made yesterday, BP reported that it sold its interests in US Permian and Eagle Ford shale gas assets for 1.5 billion dollars to Sixth Street.