Why it matters
BP’s results reflect unusually strong refining margins and energy-market volatility, which can affect fuel and energy markets relevant to U.S. households and businesses. The articles do not quantify any effect on U.S. prices.
ECONOMY • UNITED KINGDOM
BP reports quarterly profit of $8.46 billion as refining margins rise
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BLUF
BP reported third-quarter underlying replacement-cost profit of $8.46 billion, up from $2.2 billion a year earlier. Euronews reported that the company also reduced net debt by $8.4 billion and plans a strategy update in December.
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