BP (US.BP) reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit - 03 mai 2022
The oil and gas giant’s first-quarter underlying replacement cost profit, used as a proxy for net profit, jumped to its highest level in more than a decade as it came in at $6.2 billion. That compared with a profit of $4.1 billion in the fourth quarter and $2.6 billion for the first quarter of 2021. Analysts had expected BP to report first-quarter profit of $4.5 billion, according to Refinitiv.
Shares of London-listed BP rose 2% shortly after the opening bell. The firm’s stock price has climbed more than 18% year-to-date.