(Reuters) - BP said in a statement on Tuesday that its replacement cost profit, which strips out the impact of changes in the value of fuel inventories, was $4.36 billion in the first quarter.
Excluding one-off items, such as oil field sales, which amounted to a net gain of $363 million, the result was $3.998 billion. A Reuters poll of 10 analysts on Friday gave an average forecast of $4.08 billion for BP's first-quarter replacement cost net profit excluding one-off items, down from $5.28 billion in the same period last year.
Read more at Reuters.com Market News
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