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Gas Companies Are In Trouble: Story Behind BP’s $8.2B Profits

The headline was attention-grabbing:

“BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings.”

CNBC was reporting on BP PLC’s (NYSE: BP) third-quarter earnings.

A profit of more than $8 billion in just three months sounds like a lot of money.

The eye-popping numbers caught the attention of investors and politicians.

I wondered if the politicians may be missing something.

See what I found…

This post appeared first on Money & Markets, LLC.