BP Misses Q3 Earnings Forecast On Weak Natural Gas Trading ...Middle East

OILPRICE - Economy
BP Misses Q3 Earnings Forecast On Weak Natural Gas Trading
source : OILPRICE ( Middle East ) () 17
BP (NYSE: BP) reported on Tuesday lower-than-forecast earnings for the third quarter as weak gas marketing and trading and a charge in offshore wind weighed on the results and couldn’t offset a strong oil trading business. BP said its underlying replacement cost profit – the metric closest to net profit – was $3.3 billion for the third quarter of this year, up from $2.6 billion for the previous quarter. The earnings, however, were well below the analyst estimate for the third quarter of $4 billion.    Following the results…

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