<p>Third-quarter underlying replacement cost profit rises to $8.46bn, up from $2.2bn a year ago</p><p>BP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.</p><p>The energy company said on Friday that third-quarter underlying replacement cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn a year ago. Analysts had expected profits of $7.33bn.</p> <a href="https://www.theguardian.com/business/2026/oct/30/bp-profits-jump-as-middle-east-conflict-drives-up-oil-refining-margins">Continue reading...</a>
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BP profits jump as Middle East conflict drives up oil refining margins
<p>Third-quarter underlying replacement cost profit rises to $8.46bn, up from $2.2bn a year ago</p><p>BP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.</p><p>The energy company said on Friday that third-quarter underlying replacement cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn a year ago. Analysts had expected profits of $7.33bn.</p> <a href="https://www.theguardian.com/business/2026/oct/30/bp-profits-jump-as-middle-east-conflict-drives-up-oil-refining-margins">Continue reading...</a>