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BP Posts Record Profit and Plans Early Spill Settlement

BP reported a record quarterly profit of eight billion dollars driven by higher energy prices and refining margins. The company plans to use the windfall to settle remaining Deepwater Horizon liabilities early and reduce debt.

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A woman refuels her car at a BP petrol station in Sydney, Australia, March 19, 2026. REUTERS/Hollie Adams

BP PLC posted a record third-quarter net profit of $8.46 billion on Friday morning, beating expectations as conflict in Iran drove up energy prices.