bp, the leading energy giant, announced that its underlying replacement cost profit (RC profit) recorded $2.2 billion in the third quarter (Q3) of 2025, compared to $2.4 billion in Q2 2025 and $2.26 in Q3 2024.

RC profit refers to bp’s underlying replacement cost profit. It is a financial metric that measures profitability before adjusting certain items like inventory gains/losses and fair value accounting effects.

On the other hand, operating cash flow surged to $7.786 billion in Q3 2025, compared to $6.27 billion in Q2 2025 and $6.76 in Q3 2024.

The company added that the reported profit for Q3 was $1.2 billion, compared to $1.6 billion for Q2 2025.

bp remains focused on sustaining a robust balance sheet and preserving its ‘A’ grade credit rating throughout the business cycle. The company aims to reduce net debt to $14 -$18 billion by the end of 2027.

bp expected higher oil and gas production in its Q3 2025 results, compared to Q2. The company also expects its gas and low carbon revenues to be lower by $0.1 billion compared to Q2 due to the drop in natural gas prices in the non-Henry Hub marker, which is the global natural gas price benchmark outside the U.S. Henry Hub.