BP posts record Q3 profit on Iran war-driven prices, to settle Deepwater Horizon liabilities

BP reported a record $8.46B Q3 underlying replacement cost profit, beating expectations, as the Iran war lifted oil prices and refining margins. The company will use the windfall to settle remaining Deepwater Horizon liabilities. The profit surge reflects a conflict-driven price environment, with sustainability contingent on war duration and OPEC response.

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