ZCZC
BCN-09
BRITAIN-ENERGY-OIL-EARNINGS-BUSINESS-BP
BP first-quarter profit rebounds to $4.7bn
LONDON, April 27, 2021 (BSS/AFP) – British energy giant BP said Tuesday that it rebounded into net profit in the first quarter on the back of higher oil prices.
Earnings after taxation hit $4.7 billion (3.9 billion euros) in the three months to the end of March, compared to a loss of $4.4 billion in the same period last year when coronavirus savaged oil demand and prices, BP said in a results statement.
BSS/AFP/MSY/1222 hrs