bp plc on tuesday reported an onquarter slip in thirdquarter underlying replacement cost profit but significantly outperformed expectations and declared a further quarterly share buyback the british oilandgas major made an underlying replacement cost profit of 815 billion in the three months through the end of september down from 845 billion in the previous quarter due to weaker refining margins average oil trading results and lower liquids realizations though offset by exceptional gas marketing and trading results and higher gas realizations underlying replacement cost profit significantly beat the 332 billion reported in the third quarter of 2021 and was above a market consensus of 614 billion provided by the company and averaged from the forecasts of 29 analysts the ftse 100 energy group declared a dividend of 6006 cents a share flat on the prior quarter and said it intends to carry out a 25 billion share buyback before its fourthquarter results bp added that the board remains committed to using 60 of 2022 surplus cash flow for share buybacks