British Petroleum announced a sharp increase in profits in the third quarter, and surging refining margins boosted earnings, providing CEO Meg O'Neill with strong help to reverse the difficult situation of the British energy giant. The London-based company announced on Friday that adjusted net profit was US$8.46 billion, compared to US$2.21 billion in the same period last year. More than half of the profits came from the refining and trading sector. This is O'Neal's second full fiscal quarter since taking office, and the market was able to further observe the operating results she has prioritized. O'Neill is the first CEO of British Petroleum's external airlift. He is currently promoting cost reduction, asset sales, and debt repayment, and plans to announce the company's long-term strategy in December.

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