bp-stock-surges-after-energy-giant-records-$8.5-billion-quarterly-profit

BP Stock Surges After Energy Giant Records $8.5 Billion Quarterly Profit

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https://www.barrons.com/articles/bp-earnings-stock-oil-prices-51659426871

Aug. 2, 2022 4:14 am ET

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BP is the latest oil supermajor to post its most profitable quarter in years, joining Exxon Mobil and Chevron in benefiting from soaring energy prices.

BP (ticker: BP) credited “exceptional” oil trading and strong refining margins for its adjusted profit to surge to $8.5 billion, up from $2.8 billion in the same period the previous year and well ahead of analysts’ forecasts. It recorded profit of $6.2 billion in the first quarter.

BP Stock Surges After Energy Giant Records $8.5 Billion Quarterly Profit

BP is the latest oil supermajor to post its most profitable quarter in years, joining Exxon Mobil and Chevron in benefiting from soaring energy prices.

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