EnergyWatch

BP beats own record again in Q3

The oil major has clearly surpassed analysts' third quarter forecasts, and the company now has so much capital that it expects to be able pay cash for its USD 10 billion acquisition of BHP Billiton.

Photo: Aker BP

British oil company BP has once again beat its own record in the quarter, exiting the period with  bottom line of USD 3.3 billion – an increase of 88 percent relative to the same period last year.

BP informs that its result should be attributed mainly to "higher liquids and gas realizations and higher production from the ramp-up of major projects" and due to the fact that the company's underlying production is growing due to larger volumes from new projects.

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