So much for that darn oil spill: BP reports $4.9 billion profit during 3Q

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So much for that darn oil spill…

Oil giant BP reported higher third quarter profits today on higher oil prices and its CEO says the company has clearly survived last year’s Gulf of Mexico oil spill, reports the News Service of Florida. BP announced in the quarter that ended Sept. 30 it had net profit of $4.9 billion, up from $1.8 billion in the same quarter a year earlier. The company also said it is selling $45 billion in assets to pay for damage from the April 20, 2010 Deepwater Horizon explosion and spill. In a statement, BP CEO Bob Dudley said the company had “reached a definite turning point,” from the aftermath of the spill. The company still faces more than 600 lawsuits related to the spill.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.