BP reported underlying replacement cost profit, used as a proxy for net profit, of $8.5 billion in the third quarter, beating the $6.191 billion analyst consensus compiled by LSEG and up from $2.2 billion a year earlier. The result mainly reflected better gas and marketing trading and significantly higher realized refining margins. Operating cash flow reached $28.55 billion over the first nine months of the year, up from $16.89 billion in 2025, while net debt fell to $13.87 billion from $26.05 billion. CEO Meg O'Neill said energy markets remain volatile, while the industry has shown adaptability, with refineries running close to capacity and shipping taking longer routes. Shell and TotalEnergies had earlier said their refining margins hit historically high levels amid tight global fuel supply caused by conflicts.
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earningsoil pricesoil refining
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Related tickers and likely impact
BSR
▲ Likely positivePetrovietnam Refining and Petrochemical
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 138,452 bn VND |
| P/E | 7.0 |
| P/B | 1.90 |
| Close on 10/29/2026 | 27.65 |
| Change that session | -3.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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