BP.: Q3 earnings surged as refining and trading strengthened, cutting net debt to $13.9bn
Published . Updated .
This report is about refining and US interest rates.
Directly affected
- BP Bp+3.2% 14d
Named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-1.6% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “debt” (US interest rates) in this story.
- JPM JPMorgan Chase-4.3% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “debt” (US interest rates) in this story.
- BAC Bank of America-11.1% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “debt” (US interest rates) in this story.
- VLO Valero Energy+0.7% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- MPC Marathon Petroleum+13.1% 9d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- PSX Phillips 66+12.1% 30d
Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BP | +1.91% | -2.85% | base | +0.14% | -4.90% | after close | after close |
| CRAK | +4.72% | +1.36% | base | +1.24% | -0.60% | after close | after close |
| XLE | +0.88% | -0.71% | base | +1.87% | -2.12% | after close | after close |
| TLT | -0.18% | +0.20% | base | +0.45% | +0.28% | after close | after close |
| JPM | -3.51% | -2.27% | base | -1.88% | -0.84% | after close | after close |
| BAC | -1.15% | -0.92% | base | -2.21% | -3.08% | after close | after close |
| VLO | +8.98% | +0.67% | base | +3.98% | -0.85% | after close | after close |
| MPC | +5.72% | +0.79% | base | +2.80% | -0.47% | after close | after close |
| PSX | +3.45% | -1.93% | base | +3.35% | +0.52% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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BP.: Q3 earnings surged as refining and trading strengthened, cutting net debt to $13.9bn TradingView
Source: TradingView
This story
| Company | When | Move | Status |
|---|---|---|---|
| BAC | that day | -2.21% | final price |
| BAC | the next day | -3.08% | final price |
| BAC | three days earlier | -0.92% | final price |
| BAC | five days earlier | -1.15% | final price |
| BP | that day | +0.14% | final price |
| BP | the next day | -4.90% | final price |
| BP | three days earlier | -2.85% | final price |
| BP | five days earlier | +1.91% | final price |
| CRAK | that day | +1.24% | final price |
| CRAK | the next day | -0.60% | final price |
| CRAK | three days earlier | +1.36% | final price |
| CRAK | five days earlier | +4.72% | final price |
| JPM | that day | -1.88% | final price |
| JPM | the next day | -0.84% | final price |
| JPM | three days earlier | -2.27% | final price |
| JPM | five days earlier | -3.51% | final price |
| MPC | that day | +2.80% | final price |
| MPC | the next day | -0.47% | final price |
| MPC | three days earlier | +0.79% | final price |
| MPC | five days earlier | +5.72% | final price |
| PSX | that day | +3.35% | final price |
| PSX | the next day | +0.52% | final price |
| PSX | three days earlier | -1.93% | final price |
| PSX | five days earlier | +3.45% | final price |
| TLT | that day | +0.45% | final price |
| TLT | the next day | +0.28% | final price |
| TLT | three days earlier | +0.20% | final price |
| TLT | five days earlier | -0.18% | final price |
| VLO | that day | +3.98% | final price |
| VLO | the next day | -0.85% | final price |
| VLO | three days earlier | +0.67% | final price |
| VLO | five days earlier | +8.98% | final price |
| XLE | that day | +1.87% | final price |
| XLE | the next day | -2.12% | final price |
| XLE | three days earlier | -0.71% | final price |
| XLE | five days earlier | +0.88% | final price |
Congressional trades in the stocks in this story
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 56 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 56 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 64 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 51 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 67 days before publication. Filed 16 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 15 Oct 2026. That is 15 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 38 days before publication. Filed 1 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“BP.: Q3 earnings surged as refining and trading strengthened, cutting net debt to $13.9bn” scores 12 out of 100. The score uses 1 sources.