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via financialpost.comBusiness & Companies

BP profit hits 18-year high as oil refining margins surge

FROM THE WIRE · FINANCIALPOST.COM

BP PLC profit surged to the highest in 18 years as refining margins boosted earnings, speeding up efforts to fix its balance sheet. Read now

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord-level profit may speed up BP's balance sheet repair, with possible read-through to the oil sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01BP's profit rose to the highest level in 18 years.
  2. 02Refining margins boosted earnings.
  3. 03The result speeds up efforts to fix the balance sheet.

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