Energy
BP turnover falls short of expectations on ‘weak’ gas trading
Oil giant’s earnings were well below last year’s record levels but remain high by historical standards
BP’s third-quarter profit rebounded from the prior period, but fell short of estimates as weak results in gas marketing offset a strong performance in oil trading.
Shares of the company fell 4.1 per cent to 505.2p as of 8:03 a.m. in London.
Like its Big Oil peers, BP’s earnings were well below last year’s record levels yet high by historical standards as geopolitical tensions keep energy prices elevated.
