ADVFN - Advanced Financial Network.
HOME» NYSE » B » BP Stock Price » BP Stock News

Bp Share News

 Bp P.l.c. Stock Price
BP Stock Price
 Bp P.l.c. Stock Chart
BP Stock Chart
 Bp P.l.c. Stock News
BP Stock News
 Bp P.l.c. Company Information
BP Company Information
 Bp P.l.c. Stock Trades
BP Stock Trades

BP First-Quarter Profit Falls -- Update

By Justin Scheck and Ian Walker LONDON-- BP PLC reported a fall in first-quarter profit as the energy giant continues to reshape itself in the aftermath of the Deepwater Horizon explosion and oil spill. BP's production for the first quarter fell 8.5% to 2.13 million barrels of oil a day and the company warned that second-quarter production will be lower than the first quarter, mainly because of planned major maintenance particularly in the higher-margin North Sea and Gulf of Mexico regions. BP said underlying first-quarter replacement-cost profit, which strips out inventory gains or losses, fell to $3.23 billion, from $4.22 billion last year. Replacement-cost profit is similar to net profit, according to U.S. generally accepted accounting principles. Revenue slipped to $91.71 billion, from $94.11 billion a year earlier. Net profit was $3.53 billion, from $16.86 billion a year earlier, which was boosted by a $12.5 billion gain the sale of its stake in TNK-BP. BP increased its first-quarter to 9.75 cents a share, from 9 cents a share last year. The company said its upstream division, which includes oil exploration, development and production, reported an underlying pretax replacement cost profit of $4.4 billion, down from $5.7 billion in the same period last year, hurt by asset sales and a $521 million charge related to its decision not to develop it Utica shale project in Ohio. BP's downstream division, which includes refining operations, also reported weaker profit, of $1 billion down from $1.6 billion, because of a weaker refining environment. Write to Justin Scheck at justin.scheck@wsj.com and Ian Walker at ian.walker@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bp (BP)
DateTimeHeadline
05/20/201519:47:44Woodside Bullish on Browse LNG, Despite Oil-Price Slump
05/20/201519:03:29BP Settles Deepwater Horizon Claims With Transocean, Halliburton...
05/20/201518:14:49BP Agrees to Settle Deepwater Horizon Claims With Transocean...
05/20/201518:12:22Study Finds Link Between Dolphin Deaths, Oil Exposure
05/20/201517:00:08Halliburton, BP Agree to Settle Deepwater Horizon Claims
05/20/201516:53:07Halliburton, BP Agree to Settle Deepwater Horizon Claims
05/19/201519:00:15Tim Cook is Making His Mark on Apple
05/19/201515:08:58Which Big Oil Stock Would Benjamin Graham Buy Today?
05/15/201512:35:44EUROPE MARKETS: FTSE 100 Falls, Logs Weekly Decline As Growth...
05/15/201500:01:28Indonesia's Widodo Puts Development Spotlight on Remote Papua
05/14/201511:00:02Who Is The Biggest Player In Energy?
05/14/201508:50:19BP Hires Former MI6 Chief John Sawers
05/14/201506:47:56BP Hires Former MI6 Chief John Sawers
05/13/201514:03:02Best Energy Dividend Stock? The State of Alaska
05/11/201520:00:02BP plc's CFO Gives Investors 5 Key Takeaways
05/11/201513:05:03How Much Longer Can The Oil Age Last?
05/11/201511:21:023 Vitally Important Numbers You Need to Know to Profit From Big...
05/10/201518:18:13In U.K., Barriers Rising Against Foreign Deals
05/10/201511:00:03Mukesh Ambani: Going Backward to Move Forward and Making Billions...
05/06/201512:24:19Big Oil Companies Find Gains in Trading

Bp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad