BP reports profit up to $7.124 billion in first quarter
Energy giant BP said on Wednesday that first-quarter net profits leapt 17 percent to $7.124 billion (4.9 billion euros) as oil prices surged, one year after being hit by the US oil disaster.
BP added in a results statement that last year's devastating Gulf of Mexico spill would cost it $41.3 billion. That compared with the previous estimate of $40.9 billion.
© 2011 AFP