BP Profit Beats Despite 19% Decline on Lower Oil

BP's third quarter profit declined by 19% due to lower oil prices and reduced production. Despite this, BP exceeded analysts' expectations and showed strong cash flow and controlled capital expenditure. The company increased its dividend, but faces challenges with Gulf of Mexico liabilities and reduced contributions from Russian investments.

What was the main reason for BP's decline in third-quarter profit?

• Increased liabilities

• Lower oil prices and reduced production

• Higher production costs

• Increased oil prices

How did BP's cash flow performance compare to its target for the year?

• It exceeded the target

• It was on track with the target

• It fell short of the target

• It was not mentioned

What financial action did BP take that was well-received by investors?

• Increased liabilities

• Increased dividend

• Reduced capital expenditure

• Sold assets

What legal issue is BP currently appealing?

• A ruling on environmental regulations

• A ruling on the Gulf of Mexico spill

• A ruling on tax evasion

• A ruling on labor laws

How did BP's investment in Russia's largest oil producer impact its financials this year compared to last year?

• It decreased by $700 million

• It increased by $100 million

• It increased by $800 million

• It remained the same