Wall Street Journal | BP Reports Fall in First-Quarter Profit Amid Weaker Oil Prices Wall Street Journal BP managed to avoid the huge losses it experienced last quarter, turning a $2.1 billion replacement-cost profit—a number similar to the net income that U.S. oil companies report—down from $3.48 billion a year earlier. The company was aided by a U.K ... BP profit hit by oil price fall BP first-quarter profit falls 20% as crude oil price plunges BP profits fall as oil price bites |