Filing Flows › BP (BP) › Q3 2026 › vs Q2 2026
BP (BP) Q3 2026 vs Q2 2026 (quarter over quarter)
BP's revenue fell $706M (-1%) from $69.1B in Q2 2026 to $68.4B in Q3 2026. The biggest changes: Natural gas, LNG and NGLs +$2.2B (+25%); Other operating revenues −$1.8B (-14%); Oil products −$1.1B (-3%). Operating margin 14.2% against 12.9% (+1.2 pts).
BP, Q3 2026: revenue $68.4B (+41% year over year), operating margin 14.2%, net earnings $4.7B, operating cash flow $14.8B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.2% | 12.9% | +1.2 pts |
| Net margin | 6.9% | 5.7% | +1.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Oil products | $42.4B | $43.5B | −$1.1B | -3% |
| Other operating revenues | $11.1B | $12.9B | −$1.8B | -14% |
| Natural gas, LNG and NGLs | $10.7B | $8.5B | $2.2B | +25% |
| Non-oil products and other revenues from contracts with customers | $3.9B | $3.7B | $159M | +4% |
| Crude oil | $347M | $402M | −$55.0M | -14% |
| Revenue | $68.4B | $69.1B | −$706M | -1% |
| Operating profit | $9.7B | $8.9B | $743M | +8% |
| Costs & expenses | $58.7B | $60.2B | −$1.4B | -2% |
| Pre-tax earnings | $8.6B | $7.8B | $792M | +10% |
| Other expense, net | $1.1B | $1.1B | −$49.0M | -4% |
| Net earnings | $4.7B | $3.9B | $785M | +20% |
| Minority interests | $441M | $419M | $22.0M | +5% |
| Income tax | $3.5B | $3.5B | −$15.0M | -0.4% |
| Working capital & other | $10.1B | $6.9B | $3.2B | +46% |
| Operating cash flow | $14.8B | $10.9B | $4.0B | +37% |
Questions
How much did BP's revenue grow quarter over quarter in Q3 2026?
BP's revenue fell $706M (-1%) from $69.1B in Q2 2026 to $68.4B in Q3 2026.
What drove BP's revenue change in Q3 2026?
Natural gas, LNG and NGLs +$2.2B (+25%); Other operating revenues −$1.8B (-14%); Oil products −$1.1B (-3%).