{"id":298494,"date":"2019-10-30T11:19:16","date_gmt":"2019-10-30T05:49:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298494"},"modified":"2019-10-30T11:19:16","modified_gmt":"2019-10-30T05:49:16","slug":"bp-profits-slump-on-weaker-oil-prices-but-beat-forecasts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-profits-slump-on-weaker-oil-prices-but-beat-forecasts\/","title":{"rendered":"BP profits slump on weaker oil prices, but beat forecasts"},"content":{"rendered":"<p>BP&#8217;s third-quarter profit dropped sharply, but still beat expectations, hurt by weaker oil prices, lower production and one-off charges linked to large divestments.<\/p>\n<p>London-based BP reported on Tuesday third-quarter underlying replacement cost profit, the company&#8217;s definition of net income, of $2.3 billion, exceeding forecasts of $1.73 billion in a company-provided survey of analysts.<\/p>\n<p>That compared with $3.83 billion a year earlier and $2.81 billion in the second quarter of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BP&#8217;s third-quarter profit dropped sharply, but still beat expectations, hurt by weaker oil prices, lower production and one-off charges linked to large divestments. London-based BP reported on Tuesday third-quarter underlying replacement cost profit, the company&#8217;s definition of net income, of $2.3 billion, exceeding forecasts of $1.73 billion in a company-provided survey of analysts. That compared with $3.83 billion a year earlier and $2.81 billion in the second quarter of 2019.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-298494","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298494"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298494\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}