Market Overview

UPDATE: BP Posts Higher Q1 Profit

Related BP
BP Farms Out 4 Alaskan Fields - Analyst Blog
Accountability For The Deepwater Horizon Spill And The Gulf, 4 Years Later
SEC Charges Ex-BP Official for Insider Trading (Fox Business)

BP PLC (NYSE: BP) posted a surge in its first quarter.

Its replacement cost profit jumped to $16.60 billion, from $4.78 billion, in the year-ago quarter. Excluding one-time items, its profit fell 9.4% to $4.22 billion, versus estimates of $3.25 billion.

BP announced a quarterly dividend of 9 cents per share.

Its revenue climbed to $107.21 billion, from $97.42 billion.

BP shares gained 3.52% to $44.13 in pre-market trading.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (BP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free