BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast

British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Underlying RC profit beat market estimates. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results.

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