BP Expects Weaker Fourth-Quarter Trading During Lower Market Volatility
BP reports record third-quarter underlying profit of $8.46 billion, beating estimates of $7.33 billion as higher oil prices and refining margins boosted earnings.
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Why It Matters
BP made lots of money in the third quarter when oil prices were high. When prices stay calm and steady, BP expects to make less money next quarter.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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