BP Refining Margins Triple as Debt Target Met Early
BP reported that its third-quarter refining margins tripled from last year while its net debt target was reached early. The energy firm also flagged up to $4.5 billion in impairments tied to its gas and low-carbon segment.
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BP PLC estimated Tuesday morning that its third-quarter refining margins tripled from last year, reaching $46.7 per barrel. The surge follows supply disruptions tied to conflicts involving Iran, boosting profitability for the United Kingdom energy group.
