LONDON ( TheStreet) -- BP ( BP), the U.K. oil giant, earned $4.9 billion in the third quarter, up from $1.8 billion a year earlier, and raised its assets disposal plan related to the Gulf of Mexico oil spill disaster to $45 billion from $30 billion. Revenue rose 31% to $97.6 billion as the price of crude oil rose substantially from last year. BP said replacement cost profit was $5.14 billion in the quarter, up from $1.9 billion a year earlier. "We have now reached a definite turning point," said CEO Bob Dudley, in a statement. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.