BP delivered solid third-quarter results, achieving underlying pretax earnings of $5.3 billion and generating $7.8 billion in operating cash flow, continuing to make progress toward its long-term growth targets.

• Underlying net income reached $2.2 billion, supporting adjusted free cash flow growth target of 20% CAGR through 2027.
• Upstream production increased by 3% quarter-on-quarter, leading to upgraded full-year production guidance.
• The company initiated six major projects in 2025, with four ahead of schedule, and made 12 exploration discoveries, notably the promising Bumerangue project in Brazil.
• Operating cash flow robust at $7.8 billion, with a disciplined capital investment approach keeping organic CapEx below $14 billion.
• Ongoing strategic review of portfolio, including Castrol, with strong interest from potential buyers for upcoming divestments to support balance sheet strength.