BP's pipeline leak forces a shutdown of its Olympic system, tightening jet fuel supplies at the Seattle-Tacoma airport.
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BP is in active talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, two people with knowledge of the situation said, in what would be a major step in meeting the energy company's $20 billion divestment goal.
BP p.l.c. ( BP ) Q3 2025 Earnings Call November 4, 2025 8:00 AM EST Company Participants Craig Marshall - Group Head of Investor Relations Murray Auchincloss - CEO & Director Katherine Thomson - CFO & Director Conference Call Participants Alastair Syme - Citigroup Inc., Research Division Alejandro Vigil - Banco Santander, S.A., Research Division Irene Himona - Sanford C.
BP's Q3 earnings beat estimates as higher oil production and stronger refining margins offset weaker hydrocarbon prices.
BP PLC (LSE:BP.) posted third-quarter profits broadly slightly ahead of consensus forecasts, with a new $750 million share buyback announced.
BP on Tuesday posted a third-quarter underlying replacement cost profit, or adjusted net income, of $2.21 billion, compared with the average $2.02 billion in a company-provided poll of analysts and $2.27 billion a year ago.
Oil prices fell below $60 per barrel before rallying back above that key level recently due to a combination of oversupply and weak demand.
BP said on Monday it would sell its non-controlling stakes in the Permian and Eagle Ford midstream assets of its U.S. onshore oil and gas business for $1.5 billion.
Citi has reiterated its buy rating on BP PLC (LSE:BP.) after the company released more details about its Bumerangue oil discovery offshore Brazil, which the bank believes could prove transformational.
Get a deeper insight into the potential performance of BP (BP) for the quarter ended September 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
The company is pressing ahead with plans for its largest oil and gas discovery in 25 years after confirming that the site offshore Brazil holds a significant volume of liquids.