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BP Profit Hits 18-Year High as Oil Refining Margins Surge

Bloomberg Markets's headline. Reported by Bloomberg Markets.

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What Bloomberg Markets reported

BP Plc said profit surged to the highest in 18 years as soaring refining margins boosted earnings, giving Chief Executive Officer Meg O’Neill a powerful tailwind as she seeks to turn around the beleaguered British energy major.

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Who is covering it

  1. Bloomberg Markets United States BP Profit Hits 18-Year High as Oil Refining Margins Surge BP Plc said profit surged to the highest in 18 years as soaring refining margins boosted earnings, giving Chief Executive Officer Meg O’Neill a powerful tailwind as she seeks to turn around the beleaguered British energy major. 9 h ago · Tier 1

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More from Business

File picture: Diliff via Wikimedia Commons, CC BY 2.5
Breaking Business · Oil & Gas

Exxon, Chevron Deliver Big Profits on Strong Refining

Exxon and Chevron shares rose in premarket trading after both companies beat earnings estimates due in part to strong refining margins and higher gas prices. Bloomberg's Kevin Crowley says the oil majors earned a combined $56 billion in the third quarter, the third highest on record. He reports from Excerpt, Bloomberg Markets

Source Bloomberg Markets