BP PLC

(BP) - Get Report

said third-quarter earnings rose 83% to $8.05 billion from $4.4 billion a year earlier on record high crude and natural gas prices.

The price of a barrel of crude oil rose to as high as $147.27 in July, a record. It has since fallen well more than 50%. Crude is trading at $64.02 a barrel in electronic trading on the

New York Mercantile Exchange

Tuesday.

The latest quarter includes a gain of $1.15 billion accounting gain.

Europe's second-largest oil company said in a press release Tuesday its third-quarter replacement cost profit was $10.03 billion, compared with $4.04 billion a year earlier.

BP said net cash provided by operating activities for the quarter were $14.9 billion, compared with $6.4 billion a year earlier.

Total revenue in the quarter rose to $104.6 billion from $72.6 billion a year earlier.