BP third-quarter net profit surges despite lower oil prices

Desk Report: LONDON, Nov 4,  – British energy group BP on Tuesday reported a sharp rise in net profit for the third quarter, as it made progress in its turnaround plan, offsetting falling oil prices. Profit after tax jumped to $1.16 billion for the July-September period, compared with $206 million in the third quarter of 2024, BP said in an earnings statement.

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