The Bedford Report released research on BP PLC (NYSE:BP,LSE: BP) and ConocoPhillips (NYSE:COP).
As quoted in the press release:
BP PLC reported that third-quarter profits more than doubled thanks to higher oil prices, with the chief executive saying the results marked a turnaround from the disastrous Gulf of Mexico oil spill. Last month the company won its first US permit to drill a new oil well in the Gulf of Mexico’s deep waters, clearing the way for the company to resume exploration after the record offshore spill last year.
