BP Plc (BP,BP_UN.TO,BP.L) posted lower first-quarter profit attributable to BP shareholders of $5.92 billion compared with last year's $7.25 billion, with replacement cost profit attributable to BP shareholders dropping to $4.93 billion from $5.61 billion a year ago.
On a per share basis, quarterly profit attributable to BP shareholders were 30.74 cents, lower than 38.10 cents in the prior-year quarter, and replacement cost profit per ADS totaled $1.56, down from previous year's $1.79.
Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.8 billion for the quarter, compared to $5.50 billion last year. The quarter's result was impacted adversely by a $541 million consolidation adjustment in respect of unrealised profits in inventory held within the downstream business. Also, underlying replacement cost profit per ADS fell to $1.52 from $1.76 a year before.
Pre-tax profit for the recent quarter amounted to $8.92 billion, versus $11.40 billion in the comparable period.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.