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BP's profit nearly quadruples on refining boom; Exxon and Chevron results awaited amid rising oil prices.

Company Fundamentals
30 Oct 2026, 13:04 WIB
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BP's profit nearly quadruples on refining boom; Exxon and Chevron results awaited amid rising oil prices.

BP reported a third-quarter profit of $8.5 billion, nearly four times last year's $2.2 billion, driven by strong refining margins and higher oil prices. Despite this, BP's stock barely moved, reflecting cautious investor sentiment as CEO Meg O’Neill warned refining margins may soften. Exxon and Chevron, with large refining operations, are expected to report soon, with their results likely influenced by similar margin trends. Investors will watch their outlooks closely, especially for signs of margin softness or buyback plans, amid a 21% rise in crude oil prices over the past month.

Exxon Mobil and Chevron shares are both up nearly 2% today on Pluang, with Exxon at USD 186.70 and Chevron at USD 235.75. As of Oct 30, 2026 17:21 WIB, Exxon’s dividend yield is 2.25% and Chevron’s is 3.08%, while most Pluang users are selling Exxon but nearly half are buying Chevron.

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