3Q BP profits dropped 30% to $2.3B due to lower oil demand and weaker refining margins.
BP's profits for the third quarter fell 30% to $2.3 billion, primarily due to declining oil demand and weaker refining margins. Despite the drop, the results exceeded analysts' expectations. The downturn reflects broader challenges in the oil market, as demand continues to weaken.
October 29, 2024
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