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Aug. 2, 2022 4:14 am ET
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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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