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17

BP Registered Record Profit

Oil giant BP has revealed record first-half profits on high oil prices

Oil giant BP has revealed record first-half profits on high oil prices, triggered by growing world demand for oil.

BP?s profits of the first half of 2005 constitute $10.47 bn compared with $8.14bn of the last year.

The company has also benefited from soaring global oil prices in 2005.
BP's net replacement cost profit was $4.98bn in the three months to the end of June, up 29% on the $3.87bn recorded in the same period a year ago.
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