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    BP posts profit in first quarter

    The Associated Press
    29.04.2009 - 00:00 | Son Güncelleme:

    LONDON - BP, the second-largest European oil company, said it returned to profit in the first quarter, beating analysts' forecasts by earning $2.56 billion.

    The first quarter gain in net profit announced yesterday contrasted to a loss of $3.3 billion in the fourth quarter when BP, posting its first quarterly loss in seven years, was hit hard by falling oil prices. Still, the rebound left BP well below the $7.1 billion profit for the first quarter of 2008, when oil traded as high as $111.80 per barrel. It is currently selling for around $50 a barrel.


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