British oil giant BP on Tuesday reported that its third-quarter (Q3) profit reached 3.3 billion U.S. dollars, compared with 2.6 billion dollars from the previous quarter.
It reflects higher realized refining margins, lower level of refining turnaround activity, a very strong oil trading result and higher oil and gas production, which was partly offset by a weak gas marketing and trading result, BP said in a report.
Amid weak energy prices, the latest quarterly profit was less than half the 8.2 billion dollars from one year earlier. BP shares slumped by 4.58 percent on Tuesday.
