BP swings back to small profit, refining weighs

Credit: REUTERS/ARND WIEGMANN

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.

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))

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