BP back in profit for Q3

LONDON: BP PLC has returned to profit in the third quarter as it recovers from the impact of the Gulf of Mexico oil spill.

The company on Tuesday reported a net profit of $1.79 billion, compared to a loss of $17.2 billion in the second quarter.

Replacement cost profit a key industry benchmark was $1.85 billion, compared to a loss of $17 billion in the second quarter.