MARKETS

BP confirms $25.5B hit in results 

Otherwise first quarter profit soars to $6.2 billion

Helen Clark and Tim Daiss
 Bernard Looney, speaking on results day

Bernard Looney, speaking on results day

BP's first-quarter underlying replacement cost profit, used as a proxy for net profit, increased to its highest level in more than a decade, coming in at US$6.2 billion; however, it reported an overall...

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