04:53 AM EDT, 10/13/2026 (MT Newswires) -- BP (BP.L) expects to incur impairments of $3 billion to $4.5 billion in its third-quarter results, mainly related to transition businesses in the gas and low-carbon energy segment. The post-tax adjusting impairments will be excluded from underlying replacement cost profit for the three-month period, the oil major disclosed on Tuesday. Reported upstream production for the period is expected to range from 2.19 million barrels of oil equivalent a day to 2.24 million boe/d, mainly reflecting the recovery of seasonal maintenance activity, partly offset by a reduced equity interest in Latin America. This compares with 2.2 million boe/d achieved in the second quarter. Production in the gas and low-carbon energy segment is projected between 775,000 boe/d and 795,000 boe/d. In the previous quarter, the segment produced 765,000 boe/d. Oil production and operations are projected between 1.42 million boe/d and 1.45 million boe/d, versus 1.44 million boe/d in the second quarter. Refining margins for the quarter are expected to remain strong, ranging between $1.9 billion and $2.1 billion. BP said its third-quarter metrics reflect the ongoing Middle East crisis but exclude the impact of weather events in the Gulf of Mexico. The company's shares were up more than 1% during early trading in London.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.