CNBC | BP profits surge 71 percent amid oil price rally CNBC The British oil giant posted first-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.586 billion. That was enough to beat forecasts of $2.2 billion for the first three months of 2018, according to a company-provided ... BP profits jump on rising oil prices and production BP gets Q1 boost from higher oil prices and more production |