BP's profits fall but slightly above expectations

LONDON (Reuters) – BP announced Tuesday a nearly 30 percent drop in profits in the first three months of 2019, driven by lower oil and gas prices and higher refining margins. low.

According to an badyst survey conducted by the company, the profit on the underlying replacement cost in the first quarter of the London company, the definition of the net profit, amounted to 2.4 billion dollars, exceeding the forecasts of $ 2.3 billion. This compares with a profit of $ 2.6 billion a year earlier and $ 3.5 billion in the fourth quarter of 2018.

Profits were boosted by stronger results from oil and gas trading.