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International Business Times
International Business Times
Business
AFP News

Oil Giant BP Reports Drop In Third-quarter Net Profit

British Petroleum Oil
BP's third quarter performance was hit by lower oil prices and refining margins (Credit: AFP)

Britain's BP on Tuesday announced a sharp fall in net profit for the third quarter, with the oil and gas giant hit by weak oil trading and refining margins.

Profit after taxation slumped to $206 million in the three months to September, after a net profit of $4.9 billion in the same period in 2023, BP said in a results statement.

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