Excluding non-operating items such as gains from asset sales, of $535m, the "industry-standard" result was $4.96 billion.
BP chief executive Lord Browne said "higher oil prices have generated substantial additional cash flow".
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BP Profit Increased 29%
British oil giant BP had record profits in 1st quarter 2005 due to increased world oil prices
British oil giant BP had record profits in 1st quarter 2005 due to increased world oil prices.
BP said replacement cost net profit for the first three months of the year was $5.49 billion, up 29% on the same period a year ago.
Excluding non-operating items such as gains from asset sales, of $535m, the "industry-standard" result was $4.96 billion.
BP chief executive Lord Browne said "higher oil prices have generated substantial additional cash flow".
Excluding non-operating items such as gains from asset sales, of $535m, the "industry-standard" result was $4.96 billion.
BP chief executive Lord Browne said "higher oil prices have generated substantial additional cash flow".
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