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BP’s third quarter profit beats forecasts, lifted by energy prices -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : A BP logo is seen in London (Britain), September 24, 2021. REUTERS/Toby Melville

LONDON (Reuters), BP (NYSE 🙂 announced Tuesday a strong rise in the third quarter profit. This was due to stronger oil prices and higher prices this year, as countries recover from the pandemic.

Analysts expected BP to earn $3.06 trillion in underlying replacement costs profit. In BP’s third quarter, however, it reached $3.32 Billion.

It compares with the $2.8Billion profit recorded in the second-quarter and the $86M earned a year prior, as energy prices plummeted after the outbreak of coronavirus.

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