Top Stocks - (NYSE:BP) Strikes 52-week high on Better Earnings

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BP plc (ADR) (NYSE:BP) third-quarter profit fell 34% to $5.34 billion from $8.05 billion as the average price for oil and gas it sold fell 44%, while production rose 7% to 3.92 million barrels of oil equivalent a day on a "strong" operational performance and the absence of hurricanes. Excluding the impact of unsold inventories, BP's profit dropped 50% to $4.98 billion in a quarter that included $307 million of non-operating items and fair value accounting effects. Analyst estimates were for a profit around $3.2 billion.

BR is currently up 4.34% at $57.89 on very unusual volume of 1.20 million shares within few minutes of trading.

BP p.l.c. (BP) is an oil company, operating through its subsidiaries. With effect from January 1, 2008, it operated in two business segments: Exploration and Production, and Refining and Marketing. A separate business, Alternative Energy, reported in other businesses and corporate, handles its low-carbon businesses.

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