BP third-quarter profits down
27/10/2009 - 07:19:42Oil giant BP today said third quarter profits slumped to $4.98bn (€3.3bn), a fall of 50% on the same period last year.
The results for the July to September period a year earlier were boosted by crude oil prices reaching an all-time high of $147 a barrel, but prices averaged around half that this time around.
BP, which has has been on a campaign to turn around its poor refining performance during the past 18 months, has been buoyed in the period by major discoveries in Angola and Mexico.
