BP profit falls 34%

BP's profit slid 34 per cent to $US3.5 billion ($3.67 billion) in the third quarter as the British energy giant's output fell 2.3 per cent and it was also hit by lower refining margins. It said that charges incurred by the group as a result of the Gulf of Mexico oil spill disaster in 2010 currently stood at $US42.5 billion.

BP's profit slid 34 per cent to $US3.5 billion ($3.67 billion) in the third quarter as the British energy giant's output fell 2.3 per cent and it was also hit by lower refining margins. It said that charges incurred by the group as a result of the Gulf of Mexico oil spill disaster in 2010 currently stood at $US42.5 billion.

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