BP’s earnings beat analyst estimates
LONDON: BP Plc reported firstquarter earnings that beat analyst estimates as oil prices climbed and the company cut costs. Profit adjusted for onetime items and inventory changes rose to US$1.51 billion (RM6.53 billion) from US$532 million a year earlier, said the company. That exceeded the US$1.21 billion average in a Bloomberg survey. The earnings beat should ease investor concern about BP’s ability to pay the dividend without increasing debt.