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British oil giant BP on Tuesday reported stronger-than-expected third-quarter profit as higher crude and gas production outweighed a weak oil trading result.

The London-listed oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $2.21 billion for July-September period. That beat analyst expectations of $2.03 billion, according to an LSEG-compiled consensus.

BP's third-quarter net profit came in at $2.3 billion last year and $2.35 billion in the second quarter of 2025.

"We've delivered another quarter of good performance across the business with operations continuing to run well," BP CEO Murray Auchincloss said in a statement.

"We are looking to accelerate

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