BP (BP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

BP (BP) reported $69.88 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 41.9%. EPS of $3.26 for the same period compares to $0.85 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $66.19 billion, representing a surprise of +5.57%. The company delivered an EPS surprise of +22.56%, with the consensus EPS estimate being $2.66.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how BP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Upstream production: 2220 millions of barrels of oil equivalent versus the four-analyst average estimate of 2216.87 millions of barrels of oil equivalent.

• Gas & low carbon energy - Average realizations - Liquids: $/85.05 compared to the $/84.3 average estimate based on three analysts.

• Gas & low carbon energy - Average realizations - Natural gas: $8.65 per thousand cubic feet versus the three-analyst average estimate of $7.83 per thousand cubic feet.

• Gas & low carbon energy - Production (net of royalties) - Liquids: 80 millions of barrels of oil versus the three-analyst average estimate of 89.69 millions of barrels of oil.

• Customers & products - Refinery Throughputs - Total: 1396 millions of barrels of oil versus 1373.02 millions of barrels of oil estimated by three analysts on average.

• Gas & low carbon energy - Production (net of royalties) - Natural gas: 4,085.00 Mcf/D versus 4,009.37 Mcf/D estimated by three analysts on average.

• Sales and other operating revenues- Gas & low carbon energy: $14.91 billion versus the two-analyst average estimate of $14.03 billion. The reported number represents a year-over-year change of +54.4%.

• Sales and other operating revenues- Oil production & operations: $7.25 billion compared to the $7.06 billion average estimate based on two analysts. The reported number represents a change of +16.4% year over year.

• Total revenues and other income- Sales and other operating revenues: $68.4 billion versus $67.06 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +41.3% change.

• Sales and other operating revenues- Other businesses & corporate: $735 million compared to the $744.5 million average estimate based on two analysts. The reported number represents a change of +17.2% year over year.

• Sales and other operating revenues- Total: $76.21 billion versus $71.68 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +38% change.

• Sales and other operating revenues- Customers & products: $53.32 billion versus $49.84 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +37.8% change.