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BP earnings: Q1 net profit comes in at $2.4 billion, vs. $2.3 billion expected

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BP earnings: Q1 net profit comes in at $2.4 billion, vs. $2.3 billion expected
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Oil major BP beat market expectations with its first-quarter results on Tuesday.

Its first-quarter underlying replacement cost profit, used as a proxy for net profit, came in at $2.4 billion, versus $2.3 billion expected. 's results coincided with a significant recovery in oil prices through the first three months of the year.

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