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BP posts highest quarterly profit in 18 years

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The National
“BP posts highest quarterly profit in 18 years”

BP posted a record quarterly net profit ​on Friday, beating expectations as the Iran war boosted energy prices and refining margins. The results follow high earnings from Shell and TotalEnergies, which also beat quarterly profit expectations on Thursday and chose to raise share buybacks with their cash. BP reported third-quarter underlying replacement cost profit – its version ⁠of net income – of $8.46 billion, compared with analysts' expectations of $7.33 billion in a company-provided poll,…

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