BP Plc’s profit exceeded expectations, driven by higher crude and gas production. This positive performance outweighed challenges from its oil trading operations, which experienced a weak period.
Additionally, the company faced setbacks due to an outage at a major US refinery. Despite these hurdles, BP’s strong production levels helped boost overall profitability.
https://www.bloomberg.com/news/articles/2025-11-04/bp-profit-beats-estimates-as-oil-and-gas-production-increases