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BP. Bp Plc

514.90
2.50 (0.49%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 0.49% 514.90 514.70 514.80 516.00 504.60 510.80 50,573,765 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.76 87.81B

BP Reports Fall in First-Quarter Profit Hurt by Lower Oil Prices

28/04/2015 7:50am

Dow Jones News


Bp (LSE:BP.)
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By Justin Scheck and Rory Gallivan 

LONDON-- BP PLC on Tuesday reported a fall in first-quarter profit from a year earlier, giving the first glimpse of how low oil prices through the beginning of 2015 affected the world's biggest oil companies.

BP's replacement-cost profit--a number similar to the net income that U.S. oil companies report--was $2.1 billion, down from $3.48 billion a year earlier. Revenue fell to $54.9 billion from $75.1 billion from a year earlier.

Production for the quarter was 8.3% higher than the first quarter of 2014.

"Looking ahead, we expect second-quarter 2015 reported production to be lower than the first quarter, reflecting significant seasonal turnaround and maintenance activity," the company said.

Write to Justin Scheck at justin.scheck@wsj.com and Rory Gallivan at rory.gallivan@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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