BP Plc (BP) Announces Q3 Results

BP Plc (ADR) (NYSE: BP) ADRs are trading higher after the company reported its third-quarter financial results. ADRs were up 2.01% to $41.59, at last check, on volume of 7.57 million. The ADRs have a 52-week range of $26.75-$62.38. The ADRs touched an intra-day high of $41.60 today. Today, the company announced its third quarter results, with replacement cost profit at $1,847.0 million, compared with $4,981.0 million in previous year. For the nine months, replacement cost loss was $9,528.0 million compared with a profit of $10,508.0 million in previous year. The group income statement for the third quarter and nine months includes a pre-tax charge of $7.7 billion and $39.9 billion respectively related to the Gulf of Mexico oil spill. All charges relating to the accident have been treated as non-operating items. BP is an international oil and gas company, operating in more than 80 countries. The company provides its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products. The company is based in London, United Kingdom. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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