BP earnings: Q3 net profit comes in at $2.3 billion, vs. $2 billion expected

U.K.-based BP posted third-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion, versus $2 billion, according to data from Refinitiv.

The report comes shortly after CEO Bob Dudley, who has worked with BP for 40 years and held the position of CEO for almost a decade, announced he would be soon be stepping down from his role.Energy giantreported stronger-than-anticipated third-quarter net profits on Tuesday, amid challenging market conditions.

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How was it in Q3 2018?

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