BP Beats Estimates as Strong Refining Offsets Lower Oil Prices

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BP Plc reported profit that beat analyst estimates as a strong performance at its refining division offset the effect of lower oil and natural gas prices, and bad weather that curbed production.The positive result will please investors expecting a gloomy third quarter for Big Oil. Crude prices have fallen as the U.S.-China trade war stokes demand concerns, while American output has continued to flood the market.“BP delivered strong operating cash flow and underlying earnings in a quarter that saw lower oil and …read more

Source:: Yahoo Finance


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