Oil giant BP (BP) announced Tuesday that it had an operating performance that helped it become profitable again in 2010’s third quarter, even though the company took an additional pretax charge of $7.7 billion related to the Deepwater Horizon oil spill.
The U.K.-based oil company reported that “Headline replacement cost profit for the third quarter was $1.8 billion, compared with a loss of $17.0…
Continue reading BP Returns to Profit Despite Oil Spill Charge
BP Returns to Profit Despite Oil Spill Charge originally appeared on DailyFinance on Tue, 02 Nov 2010 06:25:00.
Filed Under: Company News, Investing, Earnings, BP