BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020.
BEN STANSALL | AFP | Getty Photos
Oil and fuel big BP beat third-quarter earnings expectations on Tuesday, fueled by surging vitality costs.
The British vitality main posted an underlying alternative price revenue, a proxy for internet revenue, of $3.3 billion for the third quarter, above analyst estimates of $3.1 billion, in keeping with Refinitiv.
This was pushed by “greater oil and fuel realizations, greater refining availability and throughput enabling the seize of a stronger atmosphere and a stronger fuel advertising and buying and selling consequence, partly offset by the next underlying tax cost,” in keeping with the corporate’s earnings report.
This compares to $2.8 billion within the earlier quarter and $100 million for a similar interval in 2020.
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