BP profit nears four-fold jump to 18-year high on refining boom

BP's underlying replacement cost profit almost quadrupled to $8.46 billion in the third quarter, up from $2.2 billion a year earlier and well above analysts' $7.3 billion forecast. It is the company's best result in nearly two decades. The Middle East war widened refining margins and boosted trading. Climate campaigners were angered by the figures.