First, the oil major is preparing for a low oil price for the foreseeable future, saying that it is working towards a "financial frame" by 2017 that assumes a price of $60 a barrel.
When I interviewed Bob Dudley at the start of the year, he said that low energy prices could last for three years.
Nothing since then seems to have changed his view.
"Last year, we acted decisively to reset BP for a sustained period of lower oil prices and the results are coming through well," he said today.
"We are now in action to rebalance our financial framework in this new price environment."
Second, low oil prices are not all bad news for integrated oil companies.
Yes, life upstream (the exploration and production part of the business) might be tougher because the business is not being paid as much for every barrel of oil it produces.
But, for the downstream business (that's refined oil products such as fuel, lubricants and petrochemicals for making things like paint and plastic bottles) a low oil price can be a veritable boon.
That's because the input costs - essentially the low oil price - are down and therefore the profit margin can be boosted.
If you compare the upstream and downstream profit numbers for BP, the difference is stark.
For upstream, pre-tax underlying profit was $800m (£520m) compared with $3.9bn (£2.54bn) in the third quarter of 2014.
That's a pretty precipitate drop.
For downstream, pre-tax underlying profit hit $2.3bn (£1.5bn) compared with $1.5bn (£980m) in the third quarter of 2014.
So, for the moment, BP's downstream business is creating considerably more profit than its upstream partner.
BP also revealed that the cost of the Deepwater Horizon disaster has now reached $55bn (£35.85bn).
When the Macondo rig blew up in 2010, killing 11 people and leading to a major oil spill, many predicted it would cost BP several billion dollars in clean-up costs, fines and compensation.
Few people foresaw just how high the price would be.
Or for how many years it would weigh on the company.
VW should take note. Scandals are more expensive than you initially think.
And take a lot longer to clean up.

Pedrosa, who almost quit the sport this year because of an arm injury, took the lead seven laps from the end.
Rossi's Yamaha team-mate and championship rival Jorge Lorenzo was third after suffering tyre problems.
Rossi now leads Lorenzo by 18 points in the standings with a maximum of 75 available from the final three rounds.
Only those two drivers can win the title, meaning Marc Marquez's two-year reign as world champion is over.
Pedrosa, whose career began in the 125cc class in 2001, had not won a MotoGP race since the Czech Grand Prix in August 2014 and missed three of the season's first four races after arm surgery.
"I couldn't go fast in the beginning," said the 30-year-old. "But at the end my pace was faster and could win the race. I am very happy."
Meanwhile, San Marino rider Alex de Angelis is in a "critical condition" with bleeding inside his brain, following a crash in practice on the eve of the race.
The 31-year-old is sedated in the intensive care unit of Dokkyo Medical University Hospital, with race doctor Michele Zasa stating an MRI scan had showed he had a brain haemorrhage.
De Angelis, who competes for Team e-motion Iodaracing, also fractured five vertebrae and two ribs, and suffered a slight fracture of the sternum and the left collarbone.
Meanwhile, British rider Danny Kent edged closer to winning the Moto3 title by finishing sixth in his race, one place ahead of main rival Enea Bastianini.
Kent now leads the Italian by 56 points with three races remaining.
The 21-year-old, from Chippenham, is attempting to become the first British world champion since Barry Sheene in 1977.
Two things are clear from BP's results this morning.
[NEXT_CONCEPT]
Spain's Dani Pedrosa claimed the 50th Grand Prix win of his career with victory over championship leader Valentino Rossi in the Japanese MotoGP.