BP records weakest quarterly profit in nearly four years


BP records weakest quarterly profit in nearly four years

Published 29 October 2024 BP's profits fell to their lowest level in almost four years during the third quarter, reflecting weaker oil prices and refining margins. The energy giant made an underlying replacement cost profit - its preferred measure of earnings - of $2.3billion (£1.75billion) for the three months ending September. While this figure surpassed analyst forecasts of $2.1billion (£2.15billion),