BP p.l.c. reported third-quarter 2025 results on a Form 6‑K. Profit attributable to shareholders was $1.2 billion, and underlying replacement cost (RC) profit was $2.2 billion. Segment performance was supported by stronger realized refining margins, higher production in oil production & operations, and seasonally higher customers volumes, partly offset by a weak oil trading result and lower realizations.
Operating cash flow was $7.8 billion. Finance debt ended the quarter at $60.2 billion and net debt at $26.1 billion. Quarterly capital expenditure was $3.4 billion (nine months: $10.4 billion). BP announced a dividend of 8.320 cents per ordinary share and plans to execute a $0.75 billion share buyback prior to fourth‑quarter results. Adjusted EBITDA was $10.0 billion for the quarter.
By segment, underlying RC profit before interest and tax was $1.5 billion in Gas & low carbon energy, $2.3 billion in Oil production & operations, and $1.7 billion in Customers & products. Management reiterated a focus on a strong balance sheet, targeting $14–18 billion of net debt by end‑2027 and capital expenditure of around $14.5 billion in 2025. The company also noted an ICC arbitration partial final award in its favor related to an LNG agreement.
BP p.l.c. reported its total voting rights and share capital. As at 31 October 2025, the company had 15,682,012,524 ordinary shares (par value US$0.25) in issue excluding treasury, and 12,706,252 preference shares (par value £1) with two votes for every £5 in nominal capital held.
BP held 804,300,470 ordinary shares in treasury, which do not carry dividend or voting rights. The total number of voting rights in BP p.l.c. was 15,687,095,024. The disclosure is made in accordance with DGTR 5.6.
BP p.l.c. filed a Form 6-K detailing October 2025 share repurchases under its 5 August 2025 buyback programme. The company reported multiple daily purchases of ordinary shares of $0.25 each on the London Stock Exchange and Cboe (UK), with each notice stating the number of shares bought, the highest and lowest prices, and the volume‑weighted average price. BP states it intends to transfer the repurchased shares into Treasury pursuant to authority granted at the 2025 AGM.
Across the month, disclosed single‑day buys ranged from 882,971 shares (23 October) to 5,000,000 shares (24 October). Reported price points included lowest daily lows around 399.45 pence (17 October) and daily highs up to 448.20 pence (30 October). The purchases were executed by Citigroup Global Markets Limited as part of the programme. BP also noted that the percentage of voting rights attributable to shares held in Treasury reached 5.01% as at 22 October 2025.
Separately, a Director/PDMR shareholding notice recorded small acquisitions through the BP ShareMatch UK Plan: 7 shares at £4.326 (Chief Financial Officer) and 87 shares at £4.326 (a person closely associated with the Chief Executive Officer) on 10 October 2025.