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BP profits fall as faltering demand hits refining margins

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BP profits fall as faltering demand hits refining margins

Y
Yorkshire Post

2,441 Views • Oct 29, 2024

Description

BP’s profits tumbled by nearly one-third in the third quarter to £1.75 billion, as a slump in refining margins weighed on income at the energy giant. The FTSE 100 company reported that profits were down compared with the same period a year earlier as faltering global demand for oil hit its refining business.

Keywords & Tags

#Yorkshire Post #Yorkshire #National #BP #Oil #FTSE #Shell #Oil prices #Refining margins #Middle East #Politics #UK #Economy

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