YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
BP's third quarter net loss came to $450 million, beating the $740 million loss posted a year earlier.
Average oil prices of $43 per barrel squeezed margins for BP and other companies in the space during the third quarter.
BP officials said its quarterly results benefited from a lack of significant exploration write-offs, as well as recovering oil and gas prices and demand.
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