BP Reports Strong Q3 2026 Earnings and Debt Reduction

BP reported third-quarter 2026 underlying replacement cost profit of $8.5 billion, supported by strong refining and trading, and operating cash flow of $14.8 billion. The cash flow enabled an $8.4 billion reduction in net debt to $13.9 billion, partly offset by $4.0 billion in impairments tied to its energy transition strategy. Management said portfolio simplification and cost discipline remain priorities and warned of possible fourth-quarter volatility from Middle East disruptions and seasonal weakness in its Customers business.