BBC News | BP profits helped by higher oil prices BBC News The recent increase in oil prices has helped BP to record a healthy profit for the three months to March. The $1.4bn (£1.1bn) profit, on the replacement cost measure, compared with a $485m loss a year earlier. Oil prices have been about 35% higher in ... BP returns to profit in first quarter thanks to higher oil prices and cost cutting CompaniesHigher oil prices help BP beat Q1 forecasts BP Profit Beats Estimates on Higher Crude-Oil Prices, Cost Cuts |