BP increases profits to $8.5bn during third quarter
BP has reported underlying replacement cost profit $8.5bn during the third quarter, $2.7bn higher than the prior quarter.
The underlying result "mainly reflects significantly higher realised refining margins and significantly higher gas and marketing trading result", while reported profit for the quarter was $4.7bn, compared with $3.9bn in the second quarter.
Operating cash flow came in at $14.8bn, backed by improved operational performance. This quarter upstream plant reliability rose from 92.4% to 95.3% quarter-on-quarter, whi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
