BP swings back to small profit, refining weighs


By Ron Bousso and Shadia Nasralla

LONDON, Oct 27 (Reuters) - BP swung to a small profit in the third quarter, beating forecasts, helped by stronger oil prices while a slow recovery in fuel demand weighed heavily on refining profits.

The $100 million profit in the three months to September 30 beat analysts' expectation of a loss of $120 million. It followed a record $6.7 billion loss in the previous quarter.

The results were weighed by "a significantly lower oil trading result," BP said in a statement on Tuesday.

Oil majors' dividend yieldhttps://tmsnrt.rs/3oBpvIH

BP's market valuehttps://tmsnrt.rs/2G0fkM2

(Reporting by Ron Bousso and Shadia Nasralla; editing by Jason Neely)

((Shadia.Nasralla@thomsonreuters.com; +44 207 542 5083; +44 778 99 43141; Reuters Messaging: Reuters Messaging: shadia.nasralla.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.