BP plc (BP.L, BP_UN.TO, BP) reported a profit for the third quarter of 2016 of $933 million or 4.96 cents per share on an underlying replacement cost basis compared to $1.8 billion or 9.92 cents per share, for the third quarter of 2015. The company said its result was affected by a weaker price and margin environment. It was also negatively impacted by a number of mainly one-off and non-cash items in the Upstream. The result included benefits from lower cash costs being incurred throughout the Group and a positive one-time tax credit. Profit to shareholders was $1.62 billion or 8.56 cents per share compared to $46 million or 0.25 cents per share, a year ago.
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