News about BP

European stock markets mostly closed lower on Friday, with the Stoxx 600 down 0.4%. The article also mentions Germany's market, but the text is cut off.

BP reported third-quarter underlying replacement cost profit of $8.5 billion, versus $2.2 billion a year earlier and an LSEG consensus of $6.2 billion, while its stock barely moved. Gains were driven by stronger gas and marketing trading and 'significantly higher' realized refining margins, with its indicator margin at $46.70 a barrel versus $29.60 in the second quarter. Operating cash flow for the first nine months reached $28.55 billion, and net debt fell to $13.87 billion from $26.05 billion. WTI crude stood at $103.37 on October 27, up 21.3% over the past month, and Exxon and Chevron, which also run large refineries, were set to report on October 30. The author expects their refining results to look strong but says share moves will depend on fourth-quarter guidance, noting BP's CEO warned refining margins are starting to soften.

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.