British oil company BP announced a net profit of USD 3.477 billion in the first nine months of 2025, 48.6% higher than in the same period a year earlier, thanks in part to improved performance at its production facilities.
Gross profit rose to USD 9.249 billion, compared with USD 7.285 billion a year before, while operating profit reached USD 12.903 billion, also above the USD 10.554 billion recorded in 2024, the company said in a report to the London Stock Exchange.
Total revenue declined slightly between January and September to USD 144.807 billion, from USD 146.541 billion in the previous fiscal year — a 1.9% decrease.
According to the earnings report, operating cash flow totaled USD 7.8 billion in the third quarter, with solid performance across all divisions, contributing to strong cash generation over the first nine months of the year.
Net debt stood at USD 26.054 billion at the end of September, virtually unchanged from the April–June quarter, despite the redemption of USD 1.2 billion in hybrid bonds, which did not significantly affect overall indebtedness.
BP expects fourth-quarter production (October–December) to remain “broadly stable” compared with the third quarter, with “a slight increase in oil and a modest decline in gas and low-carbon energy.”
For the full year, the company anticipates production similar to 2024 levels and revenue supported by structural cost reductions and contributions from its biofuels division.
Chief Executive Murray Auchincloss highlighted that the company — which in February 2025 decided to significantly scale back its investments in renewables to refocus on oil and gas production — “delivered another quarter of strong performance across all business areas.”
Auchincloss added that BP “is making good progress in cutting costs, strengthening the balance sheet, and increasing cash flow and returns,” and emphasized that while “there is still much to do, BP can and will do better for its investors.”
