BP Boosts Buybacks As Q3 Profit Doubles To $8.2 Billion ...Middle East

OILPRICE - Economy
BP Boosts Buybacks As Q3 Profit Doubles To $8.2 Billion
source : OILPRICE ( Middle East ) () 28
BP (NYSE: BP) announced a further $2.5 billion share buyback after more than doubling its Q3 profit from a year earlier, thanks to what it described as an “exceptional” gas marketing and trading result and higher gas realizations.   BP joined other international oil and gas majors in reporting very strong earnings after it reported on Tuesday an underlying replacement cost profit - its metric for net profit - of $8.2 billion for the third quarter. This was slightly lower than the $8.5 billion for the previous quarter, which saw…

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