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BP's first-quarter profit jumps 63 percent

  • Story Highlights
  • BP reports 63 percent jump in profits in the first quarter compared to last year
  • Profit climbs to $7.6 billion compared to $4.4 billion at start of 2007
  • First-quarter profit was up 73 percent compared to the previous quarter
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LONDON, England (AP) -- BP has reported a 63 percent jump in profits in the first quarter compared to the same period a year ago.

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BP has reported a 63 percent surge in first-quarter profits as crude oil prices continue to benefit producers.

The oil company on Tuesday reported a profit of $7.6 billion compared to $4.4 billion in the first quarter of 2007.

First-quarter profit was up 73 percent compared to the previous quarter.

BP's closely watched replacement cost profit rose 48 percent to $6.59 billion. This compared to US$4.44 billion in the first quarter of 2007. E-mail to a friend E-mail to a friend

Copyright 2008 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

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