Oil giant BP beats third-quarter profit expectations despite weaker crude prices

BP: Q3 Earnings Snapshot

LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported third-quarter net income of $1.16 billion. On a per-share basis, the London-based company said it had profit of 44 cents. Earnings, adjusted for non-recurring costs, came to 85 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. The oil and gas company posted …

BP profit surges despite lower oil prices

British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices.

BP Profit Beats Estimates as Oil and Gas Production Increases

BP Plc’s profit exceeded expectations as higher crude and gas production outweighed a weak performance from its oil trading operations and an outage at a major US refinery.

BP third-quarter profit beats expectations at $2.21 billion

BP on Tuesday posted a third-quarter underlying replacement cost profit, or adjusted net income, of $2.21 billion, compared with the average $2.02 billion in a company-provided poll of analysts and $2.27 billion a year ago.

Bp third-quarter profit beats expectations at $2.21 billion

BP on Tuesday posted a third-quarter underlying replacement cost profit, or adjusted net income, of $2.21 billion, compared with the average $2.02 billion in a company-provided poll of analyst...

Oil giant BP beats third-quarter profit expectations despite weaker crude prices

BP's results come just over eight months after the company launched a fundamental strategic reset.