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. BP’s underlying replacement cost profit, the metric is uses for net profit, soared to $8.6 billion for the third quarter, nearly quadrupling from the same period of 2025, the supermajor said on Friday.
Earnings also rose by $2.7 billion compared to the second quarter, and smashed analyst estimates of $7.3 billion. “Compared with the second…