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BP Q1 oil/gas trading profit was $500 mln more than usual
April 30, 2013 / 4:11 PM / in 5 years

BP Q1 oil/gas trading profit was $500 mln more than usual

LONDON, April 30 (Reuters) - Oil and gas trading contributed about $500 million more to BP’s underlying earnings in the first quarter than in a typical quarter, finance director Brian Gilvary said on Tuesday.

“It was about a half a billion higher than in the average quarter and split evenly across the two (oil trading and gas trading),” Gilvary told analysts on a conference call after the British oil company reported quarterly profits that were almost a billion dollars above expectations.

BP does not separate out the contribution of trading from other operations in its official results statement.

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