BP’s net loss for the 9 months amounted to $3.2 billion

BP’s net loss for the 9 months amounted to $3.2 billion


The company’s revenue for the reporting period decreased by 39,13%. The company’s net profit in the third quarter amounted to 46 million dollars compared to 1.29 billion for the same period last year.

MOSCOW, 27 Jan. Net loss of British oil giant BP Plc in the first nine months of 2015 amounted to $ 3,175 billion dollars against profit in the same period last year to $ 8,187 billion dollars, follows from the statements of the company.

In recalculation on one ordinary share of the company’s loss amounted to 17.35 per cent against a profit of 44,14 cents a year earlier. The company’s revenue for the nine months decreased by 39,13% and amounted to $ 172,599 billion.

The company’s net profit in the third quarter amounted to 46 million dollars compared to 1.29 billion for the same period last year. In the third quarter net income per common share was 0.25 cents against 6.97 in cents. BP’s quarterly revenue decreased in annual terms by 1.7 times and amounted to $ 55,879 billion. The company’s net debt at 30 September amounted to billion 25,646 $ 22,447 against billion a year earlier.

During the quarter the company mined 2,242 million barrels of oil equivalent per day, which is 4.4% more than last year. In the first nine months, the company increased production by 4.3%, to 2,220 million barrels of oil equivalent.

BP notes that support production in the third quarter had a lack of seasonal bad weather in the Gulf of Mexico. “We expect production in the fourth quarter will be slightly higher than in the third, primarily due to the recovery from scheduled maintenance period,” — said in statements.

BP is a British company, which is among the six largest oil and gas corporations in the world, founded in 1909.