British energy giant BP Plc (BP,BP.L) reported a surge in first-quarter profit attributable to BP shareholders to $16.86 billion, from last year's $5.77 billion, with replacement cost profit attributable to BP shareholders climbing to $16.6 billion, from $4.78 billion reported a year back.
However, adjusted for non-operating items and fair value accounting effects, underlying replacement cost profit was $4.21 billion, down compared with $4.7 billion a year ago.
On a per share basis, profit for the period totaled 87.61 cents, up sharply from 29.97 cents in the prior-year quarter, and profit per ADS jumped to $5.28, from $1.82 in the earlier year period. Quarterly replacement cost profit per ordinary share soared to 86.67 cents, from 25.19 cents, while underlying replacement cost profit per ordinary share slid to 22.01 cents, from the prior year's 24.51 cents.
However, sales and other operating revenues stood at $94.11 billion, versus $94.88 billion in the year-ago quarter. Further, BP announced a quarterly dividend of 9 cents a share, to be paid in June.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.