BP Profit Rose on Higher Refining Margins, Strong Oil Trading

BP mentioned its third-quarter revenue rose on quarter, benefiting from larger realized refining margins and oil and gasoline manufacturing, though it missed expectations.

The British oil-and-gas main mentioned Tuesday that it made an underlying alternative value revenue—a metric just like web revenue that U.S. oil corporations report—of $3.29 billion within the three months to the top of September, up from $2.59 billion within the previous quarter. This missed an averaged analysts’ forecast compiled by the corporate of $4.01 billion.