2025-11-04 08:23
publication
2025-11-04 08:23
The energy company BP announced its financial results for the third quarter of 2025, which positively surprised the market. Adjusted net income was $2.21 billion. This result exceeded analysts' expectations, confirming the company's operational stability in the face of changing global market conditions.
The profit achieved was higher than the average forecast by the market, which was around USD 2.02 billion. Although this result was slightly lower than the $2.27 billion recorded in the same quarter a year earlier, it proves the resilience of the company's mining and refining segments. The company's management emphasized that solid operational foundations offset macroeconomic challenges.
In the context of shareholder policy, BP maintained its commitment to generating returns on capital. Management has decided to continue its share buyback program at a rate of $750 million during the third quarter. Maintaining the pace of share repurchases signals the company's confidence in its future cash flows and is intended to increase shareholder value.
The key earnings drivers in the past quarter were solid refining margins and significantly lower levels of maintenance downtime compared to prior periods. These factors helped offset the weaker performance of the crude oil trading division and lower natural gas prices in the United States. The average price of Brent crude oil remained at approximately USD 69.13 per barrel in the third quarter.
Looking ahead, CEO Murray Auchincloss said the company is on track to meet its asset sales target. Finalized or announced divestment agreements are expected to reach approximately $5 billion this year. These activities aim to optimize BP's portfolio and finance the company's long-term strategic transformation towards renewable energy sources.
Prepared by JM
