BP: 3Q Earnings Snapshot
LONDON (AP) _ BP PLC (BP) on Tuesday reported a loss of $450 million in its third quarter.
The London-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil and gas company posted revenue of $44.2 billion in the period.
BP shares have declined 58% since the beginning of the year. The stock has decreased 60% in the last 12 months.