- BP has high energy volatility to thank for the impressive earnings.
- Indeed, adjusted Q3 profit for the gas and low carbon energy unit totaled $6.24B, more than double the $3B profit the business made in Q2.
- Oil and gas supermajors are on course to repurchase their shares at near-record levels this year thanks to soaring oil and gas prices helping them to deliver bumper profits and boost returns for investors.
BP Looking At Billions in Buybacks For Q4
