BP Quadruples Profit to Record as War Boosts Refining and Trading

BP easily beat analyst expectations of third-quarter earnings, posting its highest quarterly profit, which nearly quadrupled from a year earlier amid strong refining margins and oil and gas trading. 6 billion for the third quarter, nearly quadrupling from the same period of 2025, the supermajor said on Friday. 3 billion. “Compared with the second quarter 2026, the underlying result mainly reflects significantly higher realized refining margins and significantly higher gas and marketing trading result,” BP said.

8/b in the third quarter of last year. 0 per barrel in the year-ago period, reflecting the record-high global refining margins amid disrupted crude and fuel supplies from the Middle East. 8 billion doubled in the third quarter from a year earlier, allowing BP to accelerate its balance sheet strengthening and pay down debt.