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BP Announced Record Profit Due to High Oil Prices

The figure for the three months to 30 June represents a 23% rise

Oil giant BP has reported a record second quarter profit of $6.1bn thanks to continuing high oil prices more than made up for a drop in output.

The figure for the three months to 30 June represents a 23% rise on the same period in 2005, and beats the $6bn expected by analysts.

BP's results statement made no mention of the retirement of its chief executive, Lord Browne.