BP profits despite the increase in the cost of the Mexico Gulf oil spill is estimated at $remained

Oil and gas prices helped oil giant deliver a cost advantage, which strips out of unrealised gains or losses associated with changes in the value of the stocks of fuel, $ 1. 85bn, place a loss in second quarter record $17bn replacement third quarter.

However, the benefits are low 63pc over the same quarter last year.

BP said the delays in the recovery of its well soufflé has prompted the fee increase to stop the leak, clean up the damage and compensation for those affected.

Stripping of one-spin-offs including spillage of oil, the underlying pink results 18pc costs compared to the same period in 2009, 5.53 billion, well in advance on an average forecast of $4. 6bn according to analysis by Reuters.

BP result compares with 88pc underlying net profit increased to rival Royal Dutch Shell and 55pc in most large Western oil net income value increase market Exxon Mobil.

The final cost of the oil slick could be much larger or smaller than the cost of. 9bn $39 BP has pris.Le cost includes $trends set aside under pressure from the Government of the United States for compensatory payments.

BP shares rose from 1. 6pc 430 percent in early trade.

Separately, Japanese trading house Mitsui, which holds a participation in the well Mexico Gulf oil spill said receives a $1.9 billion BP Bill to nettoyage.La company reiterated would withhold payment while he continues to examine the question.

"We will withhold a decision until the cause of the spill and how the cost is shared among stakeholders become evident," Junichi Matsumoto, Executive Vice President at Mitsui, told a press conference.

"We asked BP for details that he knew how they calculated that the Bill, but it is no answer at the end of October."


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