BP reported strong Q3 2025 results, with underlying pre-tax earnings of EUR 5.3 billion and underlying net income of EUR 2.2 billion, alongside EUR 7.8 billion in operating cash flow.
The company delivered strong operational performance, with upstream production increasing by approximately 3% quarter-on-quarter and upgraded full-year underlying production guidance for the full year. Upstream plant reliability and refining availability were both close to 97%.
BP is making good progress on its EUR 20 billion divestment proceeds target, with around EUR 5 billion in proceeds completed and announced this year, and organic CapEx is on track to be below EUR 14 billion.
Strategic progress includes starting six new oil and gas major projects in 2025 and making 12 exploration discoveries this year, notably Bumerangue in Brazil, which is considered the largest discovery in 25 years and provides the potential to grow long-term organic oil volumes.

Nov 4, 2025, 1:00 PM

Transcript

BP Reports Strong Q3 2025 Results and Strategic Progress

Earnings

Guidance Update

New Projects/Investments

BP reported strong Q3 2025 results with underlying pre-tax earnings of $5.3 billion and underlying net income of $2.2 billion, generating $7.8 billion in operating cash flow.
The company upgraded its full-year underlying production guidance and confirmed organic CapEx is on track to be below $14 billion. It is also making progress towards its $20 billion divestment proceeds target, with approximately $5 billion completed or announced this year.
Strategic progress includes starting six new oil and gas major projects in 2025 and making 12 exploration discoveries this year, notably Boomerang Bay in Brazil and three discoveries in Namibia.
BP is committed to materially reducing net debt, targeting $14-$18 billion by the end of 2027, which represents a $10 billion reduction from the current $26 billion.

Nov 4, 2025, 1:00 PM

Transcript

BP Reports Strong Q3 2025 Earnings and Operational Performance

Earnings

Guidance Update

New Projects/Investments

BP delivered strong Q3 2025 financial results, with $5.3 billion in underlying pre-tax earnings and $7.8 billion in operating cash flow.
The company upgraded its full-year underlying production guidance, supported by a 3% quarter-on-quarter increase in upstream production and 97% upstream plant reliability.
BP is making good progress on its $20 billion divestment proceeds target, with approximately $5 billion expected from completed and announced transactions this year. Strategic reviews for Castrol and Gelsenkirchen are moving at pace.
Exploration efforts have been highly successful, with 12 discoveries so far this year, including the significant Boomerang Bay in Brazil (featuring a 1,000-meter column of oil and rich gas condensate) and three discoveries in Namibia.
Organic capital expenditure is on track to be below $14 billion for the year, reflecting continued discipline in capital investment.

Nov 4, 2025, 1:00 PM

Transcript

BP p.l.c. Reports Q3 2025 Results

Earnings

Guidance Update

M&A

BP p.l.c. reported a profit attributable to shareholders of $1,161 million for the third quarter of 2025, with an underlying replacement cost (RC) profit of $2,210 million.
The company's operating cash flow was $7,786 million in Q3 2025, and it announced a dividend of 8.320 cents per ordinary share.
Net debt stood at $26,054 million at the end of Q3 2025, and capital expenditure for the quarter was $3,381 million.
Strategic progress included plans to sell its US onshore wind energy business and the announced sale of its Netherlands mobility & convenience and bp pulse businesses, both expected to complete by the end of 2025.
For the fourth quarter of 2025, BP expects reported upstream production to be broadly flat compared to Q3 2025, with seasonally lower volumes anticipated in its customers business.

Nov 4, 2025, 11:38 AM

6-K

BP Plc Reports Q3 2025 Financial Results and Strategic Progress

Earnings

Dividends

Share Buyback

BP Plc reported $1,161 million in profit attributable to shareholders for Q3 2025, a significant increase from $206 million in Q3 2024, with underlying replacement cost (RC) profit at $2,210 million.
Operating cash flow for Q3 2025 was $7,786 million, an increase from $6,761 million in Q3 2024, and net debt stood at $26,054 million as of September 30, 2025.
The company announced a dividend of 8.320 cents per ordinary share for Q3 2025 and intends to execute a $0.75 billion share buyback prior to reporting Q4 results.
BP Plc expects capital expenditure to be around $14.5 billion in 2025 and now anticipates divestment and other proceeds to be above $4 billion in 2025.
Strategic developments include the final investment decision on the Tiber-Guadalupe project in the Gulf of America and an agreement to divest non-controlling interests in Permian and Eagle Ford midstream assets for $1.5 billion.

Nov 4, 2025, 11:07 AM

6-K

BP Reports Q3 2025 Underlying Net Income of $2.2 Billion and Announces $750 Million Share Buyback

Earnings

Dividends

Share Buyback

BP reported $2.2 billion in underlying net income and $7.8 billion in operating cash flow for Q3 2025.
The company announced a dividend of $0.0832 per ordinary share and a $750 million share buyback for the third quarter.
Upstream production increased by approximately 3% quarter on quarter, supported by the start-up of six new major oil and gas projects in 2025, adding around 150,000 barrels of oil equivalent per day of peak net production capacity.
BP expects 2025 underlying production to be broadly flat with 2024 and confirmed full-year capital expenditure to remain around $14.5 billion.
Divestment proceeds completed or announced to date reached approximately $5 billion, with 2025 proceeds expected to be above $4 billion.

Nov 4, 2025, 7:00 AM

Transcript

BP p.l.c. Continues Share Buyback Program in October 2025

Share Buyback

BP p.l.c. is executing a share buyback program, initially announced on 5 August 2025, with purchases made throughout October 2025.
The company purchased ordinary shares of $0.25 each on the London Stock Exchange and Cboe (UK). The total number of shares purchased in October 2025 is detailed in the table below.
These shares are intended to be transferred into Treasury, as authorized by shareholders at the 2025 Annual General Meeting.
As of 22 October 2025, the voting rights of shares held in Treasury reached 5.01% of the total voting rights.

Metric	October 2025
Total Shares Purchased (shares)	61,026,321

Nov 3, 2025, 1:46 PM

6-K

BP provides Q3 2025 trading statement and guidance update

Guidance Update

Earnings

BP anticipates reported upstream production for Q3 2025 to be higher compared to the prior quarter.
The customers & products segment is expected to see stronger realized refining margins in the range of $0.3 to $0.4 billion and significantly lower turnaround activity in Q3 2025.
Net debt at the end of Q3 2025 is projected to be broadly flat at around $26 billion, including the redemption of $1.2 billion perpetual hybrid bonds and approximately $1 billion higher income taxes paid.
BP expects post-tax adjusting items relating to asset impairments in the range of $0.2 to $0.5 billion for Q3 2025.

Oct 14, 2025, 12:01 PM

6-K

BP PLC Details September 2025 Share Buybacks and Insider Share Acquisitions

Share Buyback

Dividends

Executive Compensation

BP p.l.c. continued its share buyback program throughout September 2025, which was initially announced on August 5, 2025.
Daily share repurchases in September 2025 ranged from 905,250 shares to 3,550,000 shares, with the company purchasing 3,550,000 ordinary shares on both September 29 and 30, 2025.
The company intends to transfer all repurchased shares into Treasury.
On September 24, 2025, Chief Financial Officer Kate Thomson acquired a total of 6,243 ordinary shares through a dividend reinvestment plan at £4.36467 per share.
Additionally, on September 24, 2025, Julia Emanuele, a person closely associated with CEO Murray Auchincloss, acquired 205 ordinary shares via a dividend reinvestment plan at £4.20550 per share.

Oct 1, 2025, 4:32 PM

6-K

BP Presents 2025 Energy Outlook Scenarios and Demand Projections

Guidance Update

New Projects/Investments

BP's 2025 Energy Outlook outlines two primary scenarios: "Current Trajectory," where carbon emissions are projected to decline gradually, and "Below Two Degrees," which anticipates a 90% reduction in emissions by 2050.
Oil demand is expected to maintain a central role for at least the next 10 to 15 years, with a notable shift from road transportation to petrochemical feedstock, potentially comprising over 50% of oil demand by 2050 in the "Below Two Degrees" scenario. BP has revised its "Current Trajectory" oil demand projection upwards by approximately 6 million barrels a day by the end of the Outlook period compared to last year, due to stronger observed demand, slower vehicle efficiency gains, and increased feedstock demand.
Global electricity demand is forecast to double or more than double by 2050, with wind and solar power projected to meet all of this increased demand, accounting for over 70% of global power generation by 2050 in the "Below Two Degrees" scenario.
Natural gas demand shows divergent paths: it is projected to rise by around 20% above current levels by 2050 in the "Current Trajectory" scenario, but to fall by approximately half from current levels by 2050 in the "Below Two Degrees" scenario.
The growth of low-carbon hydrogen and carbon capture, use and storage (CCUS) is limited in the "Current Trajectory" scenario, but significantly stronger in "Below Two Degrees," reaching 350 million tons per year for low-carbon hydrogen and 6 gigatons of CO2 by 2050 for CCUS.

Sep 25, 2025, 12:00 PM

Transcript

Filings & Transcripts

View All Documents

Recent SEC filings and earnings call transcripts for BP.

No recent filings or transcripts found for BP.