BP third-quarter profit nearly quadruples to $8.5 billion on surging refining margins
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BP reported $8.5 billion in underlying replacement cost profit for the third quarter, above the $6.19 billion analyst consensus and up from $2.2 billion a year earlier. Gains came mainly from gas and marketing trading and sharply higher refining margins in volatile markets. Nine-month operating cash flow rose to $28.55 billion from $16.89 billion, and net debt fell to $13.87 billion from $26.05 billion.
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