BP reports quarterly profit of $5.3bn (BBC)

26 July 2011 Last updated at 03:17 ET

BP made profits of $5.3bn (£3.2bn) in the three months to 30 June as higher oil prices offset lower production.

The replacement cost profit compares with a loss of $17.0bn in the same quarter of 2010, when the company took a big charge relating to the oil spill in the Gulf of Mexico.

In the first quarter of 2011, BP made a profit of $5.5bn.

BP has paid $6.8bn in damages to firms, individuals and government departments since the oil spill.

BP's oil production was 11% down on the same period of 2010 as a result of the suspension of drilling in the Gulf of Mexico.
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more: http://www.bbc.co.uk/news/business-14287697





SO happy to see they've managed to get past that little spot of unpleasantness a while back. I'm sure all are glad to "get their lives back".