IHS Chemical Week

BP petchems unit posts profit

12:08 PM MDT | October 29, 2013

BP today announced its financial results for the third quarter, as well as new divestment program. The company’s petrochemicals business reported an underlying replacement cost (RC) profit before interest and tax of $51 million compared with a $20-million loss in the third quarter of 2012. The segment reported an RC profit before interest and tax of $48 million compared with a loss of $21 million in the year-earlier period. Production of petchems in the third quarter was up 2%, to 3.65 million m.t., including 1.11 million m.t. produced in the United States...

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