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BP delays Q3 results due oil spill complexities

Fri, 09/10/2010 - 3:26am
Reuters

LONDON (Reuters) - BP Plc said it would delay the release of its third quarter results by a week because of added complexities in its accounts due to costs associated with the Gulf of Mexico oil spill.

BP said in a statement that its third quarter results, normally reported on the last Tuesday of the month after the end of a calendar quarter, would now be released on November 2, rather than October 26.

A spokesman said the decision followed the company finding the preparation of its previous quarterly results challenging to complete within the normal timeline, and denied it was related to the discovery of any new liabilities.

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