BP Earnings Surge to $5.7 Billion on Oil Price and Refining Boom
BP more than doubled its profit for the second quarter from a year earlier on the back of higher oil and gas prices and stronger refining margins driven by the shock supply disruption in the Middle East. BP on Tuesday reported an underlying replacement cost (RC) profit, the closest metric to net profit closely watched by analysts, of $5.7 billion for the second quarter, up from $3.2 billion for…
We haven't written up this one. OilPrice has the full story — the link below goes straight to it.
