War and strife help BP to record first-quarter profit


  • Business
  • Thursday, 01 May 2003

LONDON: British energy giant BP plc has produced record profits for the first quarter as a result of war, strikes and unrest in key oil nations that lit a fire under crude and fuel prices during the period. 

BP’s net profit adjusted for exceptional items and to reflect the current cost of supplies grew 136% from a year ago to US$3.73bil for the three months to March. 

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