BP loses USD 2.5bn in Q3
Like the rest of the industry, the British oil company has benefited from higher oil prices, but expensive natural gas means that the group, due to a fiscal technicality, is obliged to pay around EUR 5.2bn in pre-tax, thus sending the bottom-line result into red.
BY VIKTOR BRANDT KÆRGAARD, TRANSLATED BY DANIEL FRANK CHRISTENSEN
While competitors on all sides of the oil sector have presented record-high results for the third quarter of 2021, things have gone differently for British BP.
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