BP reports profit up to $7.124 billion in first quarter

27th April 2011, Comments 0 comments

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

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