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| Name | Symbol | Market | Type |
|---|---|---|---|
| BP Plc | NYSE:BP | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.54 | -3.94% | 37.50 | 38.28 | 37.51 | 38.14 | 15,953,100 | 01:00:00 |
From May 2019 to May 2024
By Justin Scheck and Rory Gallivan
LONDON-- BP PLC on Tuesday reported a fall in first-quarter profit from a year earlier, giving the first glimpse of how low oil prices through the beginning of 2015 affected the world's biggest oil companies.
BP's replacement-cost profit--a number similar to the net income that U.S. oil companies report--was $2.1 billion, down from $3.48 billion a year earlier. Revenue fell to $54.9 billion from $75.1 billion from a year earlier.
Production for the quarter was 8.3% higher than the first quarter of 2014.
"Looking ahead, we expect second-quarter 2015 reported production to be lower than the first quarter, reflecting significant seasonal turnaround and maintenance activity," the company said.
Write to Justin Scheck at justin.scheck@wsj.com and Rory Gallivan at rory.gallivan@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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