BP's first-quarter profit jumps 63 percent
BP has reported a 63 percent jump in profits in the first quarter compared to the same period a year ago.
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.