BP 3Q 2026 underlying replacement cost profit more than triples year on year to $8.46 billion
BP•BP’s third-quarter 2026 underlying replacement cost profit more than tripled year on year to $8.46 billion, up 48% from the second quarter. Net debt fell 38% quarter on quarter to $13.87 billion.
1. Quarterly results
BP said third-quarter underlying replacement cost profit rose 48% from the second quarter to $8.46 billion, mainly reflecting significantly higher realized refining margins and a significantly stronger gas marketing and trading result. Quarter-end net debt fell 38% from the second quarter to $13.87 billion, reflecting stronger cash generation.
2. Portfolio changes
BP completed the sale of the Gelsenkirchen refinery and agreed to sell its Austrian mobility and convenience business.
