BP reported an underlying replacement cost profit, which is used as a proxy for net profit, of $2.35 billion for the three months through June.

Aker BP ended the third quarter with $4.1 billion in cash and cash equivalents, and in October refinanced near-term debt with longer maturities, including a 30-year bond of $750 million.

LONDON—British oil giant BP will open an office in Iran this summer, according to Rokneddin Javadi, chairman of the National Iranian Oil Company. Quoted on the state-owned oil news service Shana ...