FAULTLINEGlobal event monitor The world todayAll situations

Economy · Impact 1 Watch

BP third-quarter profit jumps to $8.46bn as Middle East war lifts refining margins

· London, United Kingdom · single source so far

BP's third-quarter underlying replacement cost profit rose to $8.46bn from $2.2bn a year earlier, beating analyst expectations of $7.33bn. The company cited the Middle East war driving up oil and gas prices and higher trading.

Location
London, United Kingdom · United Kingdom live map
Coordinates
51.51°N 0.13°W
Reported
30 Oct 2026, 08:06 UTC
Category
Economy
Impact
1 of 5 · Watch
Situation
Global markets
See it on the live globe → The Guardian ↗

Global markets right now

■ Steady

BP posts $8.46bn quarterly profit as Middle East war lifts oil margins

On Friday BP reported third-quarter underlying replacement cost profit of $8.46bn, up from $2.2bn a year earlier and above analyst expectations of $7.33bn. It cited the Middle East war pushing up oil and gas prices, along with higher trading. On Thursday Google's stock hit a six-month low, wiping about $500bn from its value after it revealed AI search summaries were affecting ad revenue.

  • Shell reported an adjusted profit of $10.8bn for July-September on Thursday, up from $5.432bn a year earlier, and will return $5bn to shareholders.
  • India's Ministry of Finance raised its growth forecasts on Thursday but warned of inflation, particularly for fuel and energy.
  • The Bank of Canada raised its key rate by a quarter point on Wednesday, its first increase in three years, as energy prices pushed up inflation.
  • ECB President Christine Lagarde will step down in February 2027, months before her term ends.
Updated 30 Oct 2026, 08:29 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

More from Global markets