British energy major bp Plc (BP,BP.L) reported Tuesday that its first-quarter replacement cost or RC loss was $23.05 billion, compared to last year's profit of $3.33 billion.
Loss attributable to bp shareholders in the first quarter was $20.38 billion, compared to a profit of $4.67 billion in the first quarter of 2021.
The latest results included adjusting items before tax of $30.8 billion primarily due to bp's decision to exit its 19.75% shareholding in Rosneft and its other businesses with Rosneft in Russia.
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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.