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BP books modest third quarter profit

The British oil company has avoided the kind of impairments that dragged its results into negative territory in this year's second quarter, achieving, rather, a small profit after a period with only minor fuel demand recovery.

Photo: BP

"Performing while transforming," writes the top banner of the oil and gas supermajor's latest interim financial statement.

Even though BP's presentation does not exactly exude satisfaction, the slogan might be on to something.

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