financetom
Business
financetom
/
Business
/
BP third-quarter profit beats expectations at $2.21 billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BP third-quarter profit beats expectations at $2.21 billion
Nov 3, 2025 11:20 PM

LONDON (Reuters) -BP on Tuesday posted a third-quarter underlying replacement cost profit, or adjusted net income, of $2.21 billion, compared with the average $2.02 billion in a company-provided poll of analysts and $2.27 billion a year ago.

BP kept the pace of its quarterly share buyback programme at $750 million through the third quarter.

Chief Executive Murray Auchincloss said he expected completed or announced disposal agreements to reach around $5 billion for this year.

There was no concrete update on the closely-watched sales process of its Castrol lubcriants unit, which is the centre piece of its $20 billion disposal programme.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Planet Labs Wins NATO Contract for Advanced Intelligence, Monitoring -- Shares Rise
Planet Labs Wins NATO Contract for Advanced Intelligence, Monitoring -- Shares Rise
Jun 12, 2025
09:47 AM EDT, 06/12/2025 (MT Newswires) -- Planet Labs (PL) said Thursday that it has won a new seven-figure contract with NATO to deliver advanced daily monitoring and intelligence capabilities across the alliance's strategic areas of interest. Financial details of the contract were not disclosed. The contract states that Planet will supply NATO with a customized platform that leverages its...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Goldman Sachs trims US recession probability to 30%
Goldman Sachs trims US recession probability to 30%
Jun 12, 2025
(Reuters) - Goldman Sachs on Thursday trimmed its U.S. recession probability to 30% from 35% on easing uncertainty around Trump's tariff policies. (Reporting by Siddarth S in Bengaluru; Editing by Arun Koyyur) ...
Granite Ridge Names Tyler Farquharson as President, CEO
Granite Ridge Names Tyler Farquharson as President, CEO
Jun 12, 2025
09:50 AM EDT, 06/12/2025 (MT Newswires) -- Granite Ridge Resources ( GRNT ) said on Thursday it promoted CFO Tyler Farquharson to the role of president and chief executive officer. Farquharson succeeds Luke Brandenberg who stepped down from the role on Wednesday, the company said, adding that the transition is unrelated to the company's performance or operations. Farquharson was most...
Copyright 2023-2026 - www.financetom.com All Rights Reserved