BP Q3 Earnings Surpass Expectations, Boosts Divestment Goals

BP rose 1.5% after reporting Q3 adjusted earnings that beat estimates and increasing its full-year divestment proceeds expectations. The company's Q3 underlying replacement-cost profit fell to $2.21bn from $2.35bn in Q2 and $2.3bn in Q3 last year. BP raised its full-year divestment proceeds expectation to $25-30bn from $20-25bn.