The sharp rise in gas prices, but also oil prices since the start of the year, has hurt consumers.
Conversely, producers are rubbing their hands.
The results for the third quarter of 2021 of the British BP show it clearly.
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The recurring net income of the oil group reached 3.32 billion dollars, while it was only 86 million in the third quarter of 2020. Even more striking, this recurring net income stands at 8.75 billion dollars over the first nine months of the year.
In the same period of the previous year, BP suffered a loss of 5.8 billion.
The recovery is spectacular.
What Bernard Looney, its managing director, congratulates:
“The rise in commodity prices has certainly helped, but I'm very happy that quarter after quarter we are doing what we said we would do: provide significant liquidity for strengthen our finances, increase distributions to shareholders
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