1 million sterling pounds per hour earned by BP for 3rd quarter

[RebelYell]

£1m an hour profit for BP

Staff and agencies
Tuesday October 26, 2004

Oil giant BP today posted record profits of $3.94bn (£2.14bn) after fuel prices hit new highs.

The third quarter performance of Britain's biggest listed company came as oil prices rose to an average of almost $50 a barrel.

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The profits figure for the period between July and September - which amounts to around £1m an hour - includes exceptional costs of $401m, linked to environmental clean-up and other charges.

BP said profits in the first nine months of the year were 26% higher than a year ago at $12.56bn.

http://www.guardian.co.uk/oil/story/0,11319,1336183,00.html