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BP profits jump as Middle East conflict drives up oil refining margins

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Guardian Business
BP profits jump as Middle East conflict drives up oil refining margins
Third-quarter underlying ​replacement ⁠cost profit rises to $8.46bn, up from $2.2bn ​a year ​ago BP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading. The energy company said on ⁠Friday ⁠that third-quarter underlying ​replacement ⁠cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn ​a year ​ago. Analys…
30 Oct, 08:06
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