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Euronews
Euronews
Quirino Mealha

BIZARRE: Bp profit quadruples as iran war sends refining margins soaring and debt tumbles - What They Never Told You

BP's profit attributable to shareholders rose to $4.7 billion (€4.2bn) for the July to September period, four times the $1.16 billion (€1.04bn) of a year earlier, it said on Friday, as disruption from the Iran war boosted its refining and trading earnings.

The British oil and gas major also beat analysts' forecasts and cut its net debt by $8.4 billion (€7.5bn), weeks before its new CEO sets out her strategy in December.

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