Corporate News

BP Slips To Hefty RC Loss In Q1; Underlying RC Profit Tops Estimates; Declares Dividend

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.

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by RTTNews Staff Writer

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