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BP profits nearly quadruple in Q3 on volatile energy markets and high refining margins

30 Oct 2026, 10:51 WIB
CNBC
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Bullish
BP profits nearly quadruple in Q3 on volatile energy markets and high refining margins

BP reported an $8.5 billion underlying replacement cost profit for Q3, far exceeding the $6.19 billion analyst forecast and up from $2.2 billion last year. The surge was driven by strong gas and marketing trading performance and significantly higher refining margins amid tight global fuel markets caused by refinery outages and geopolitical conflicts. Operating cash flow rose to $28.55 billion for the first nine months, while net debt fell sharply. This reflects the industry's adaptability to ongoing market volatility and supply disruptions.

BP's third-quarter profit surged to $8.5 billion, nearly quadrupling last year's figure amid soaring refining margins. For readers following the energy sector, here is Pluang's market snapshot as of Oct 30, 2026 14:03 WIB: Among 79 priced US energy stocks, 50 rose and 27 fell. Notable movers include CCJ at USD 81.36 with a 1-day change of -2.55% and a typical hold time of 15 days, DNN at USD 2.31 down 2.53%, and TRGP at USD 313.00 up 2.32% with 100% buy order activity.

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