BP Disaster

BP profits almost double

October 25, 2011

The Wall Street Journal is reporting the BP announced that its net profit for the three months ending Sept. 30 was $4.91 billion, compared with $1.79 billion a year earlier. The sharp increase was owing to the $7.66 billion pre-tax charge that BP booked for the Gulf spill in the third quarter of 2010. Revenue rose to $97.59 billion, from $74.65 billion.

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