BP makes better than envisaged in the 3rd quarter

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BP gives a report on a benefit adjusted in rise of 148% on the third quarters, doped at the same time by the rise of the courses of the crude compared to the same period of the previous year and by an exceptional appreciation.

The adjusted bottom line of the replacement costs is thus arisen to 10,029 billion dollars, including 1,147 billion exceptional benefit. Out this last, the recurring adjusted benefit is of 8,882 billion dollars over the period, against an average forecast of 6,90 billion. ( Finance Information City )

The production of hydrocarbons of BP progressed over the period whereas the analysts awaited a fold rather. A spokesperson of the group specified that this evolution was in particular the fact of the good performances of its platform Thunder Horse, in the Gulf of Mexico.

The fourth oil company in terms of market cap also said that its quarterly dividend would be of 14 hundreds per action, against 10,825 hundreds one year ago.

Whereas the oil courses fell from some 60% since their record of more than 147 dollars the barrel reached in July, BP estimates that they could fall even lower into a context from recession from the worldwide economy.

The group also said that current turbulences on the market created “opportunities” which it would examine very attentively.

According to traders, the BP action should increase by 5% as of the London Stock Exchange opening.