** BP's shares up 2.3 pct, near top of the FTSE 100,after posting Q1 replacement cost profit of $532 mln, vs analystexpectations of $140 mln loss
** Downstream unit's $1.8 bln profit offsets $747 mlnupstream loss
** Co also says 2016 capex will be around $17 bln, aroundlower end of previous guidance, adds 2017 capex could fall to aslow as $15 bln
** "Overall, the results look better than consensus andsolid," Liberum analysts say
** Stock now broken above 200-day SMA (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)
BP (BP.)