BP back to profit after oil spill

[Jeffersons Ghost]

BP back to profit after oil spill

Oil giant BP has announced a return to profit in the three months to September after last quarter's record loss.

The firm said its replacement cost profit for the period was $1.85bn (£1.15bn), as against the $17bn loss recorded from April to June.

The previous loss reflected the massive costs of the Gulf of Mexico oil spill crisis, which followed an explosion on a drilling rig in April.

BP said the cost of the oil spill had now risen by $7.7bn to $39.9bn.

http://www.bbc.co.uk/news/business-11671953