City A.M. | BP Triples Q1 Profit, Latest Oil Major To Beat Estimates OilPrice.com In another sign that oil majors are recovering with the help of higher oil prices this year, BP (NYSE:BP) reported on Tuesday a first-quarter underlying replacement cost profit – its definition of net income – of US$1.51 billion, nearly triple the US ... Surge in oil price buoys BP and other energy majors ConocoPhillips and Royal Dutch Shell BP profits surge after rebound in oil prices BP posts earnings beat as profits triple on higher oil prices |