BP posts record first-quarter profits

Oil giant BP today posted record first-quarter profits of $4.72bn (€3.97bn) and unveiled plans to hive off half of its petrochemicals arm.

BP posts record first-quarter profits
Tue, 27 Apr, 2004 - 09:13

Oil giant BP today posted record first-quarter profits of $4.72bn (€3.97bn) and unveiled plans to hive off half of its petrochemicals arm.

The results – a 17% rise on a year ago – were boosted by oil prices reaching their highest level since before the Gulf War in 1990.

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