Future Of British Business
BP Shares Drop After Profit Misses Estimates on Weak Gas Trading
- Company maintains quarterly share buybacks at $1.5 billion
- Interim CEO Auchincloss says BP is committed to strategy
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BP Plc’s third-quarter profit rebounded from the prior period, but fell short of estimates as weak results in gas marketing offset a strong performance in oil trading.
Shares of the company fell 4.1% to 505.2p as of 8:03 a.m. in London.